If you are a Professional Investor, you:

• Hold an Australian Financial Services Licence (AFSL); or
• Have or control gross assets of at least $10m or more

To qualify, you are required to hold an AFSL number or proof of assets.

If you are a Sophisticated Investor, you:

• Have gross personal income over the last 2 years of at least $250k; or
• Have net assets of over at least $2.5m

To qualify, you are required to have a Qualified Accountant's Certificate. Sophisticated Investor Certificates need to be renewed every two years.

Set up an account in three simple steps:

• Register on the create an account page
• Fill out the Investor Profile Page
• Upload your ID documents for online ID verification
• If you are a wholesale investor – upload your accountant’s certificate

If an offer is over-subscribed, scale backs are applied to ensure as many applicants receive an allocation of shares. Each company has their own policy on how the scale backs are applied, and every company has the right to carry out scale backs at their discretion.

Your allocated shares will be issued on to your HIN by the share registry. If you have not provided a HIN, your shares will be issued on an Issue sponsored holding which you can later transfer to a HIN.

An IPO refers to the first time a company publicly sells shares of its stock on the open market. It is also known as “going public”. Through this process, a private company becomes a public company.

A reverse takeover (RTO) is a type of merger that private companies use become publicly traded without resorting to an initial public offering (IPO). An RTO is also known as a reverse merger or a reverse IPO.

Applying for shares in an offer is simply a matter of clicking on the ‘Reserve your Allocation” button and indicating how many shares you wish to purchase. We will contact you by email once your application has been reviewed and approved. You will then need to complete an online application form and transfer the funds.

There is no cost to set up an Akela account.

The Akela platform doesn’t cater to joint accounts. You can open an account as an individual, a Company, a Superfund or a trust.

Yes you can, as long as the offer has not been accepted and payment is pending.

The best approach is to research, research and research. On the offer pages, the Akela Platform provides you with a company overview, presentations, and information. However we can only provide you with general advice and will not take into account your personal circumstances. You should consider whether the information is appropriate to your needs, and where necessary, seek professional advice from a financial adviser.

The best place to go for information on the Australian Stock Exchange is asx.com.au.

Issuer Sponsored: An Issuer Sponsored holding is maintained by the issuer of your securities, through the Registry. Issuer sponsored securities can be traded through any broker to whom you have given permission to access your holding for the purposes of buying or selling securities. Issuer Sponsored holdings are allocated a Shareholder Reference Number (SRN) prefixed by an 'I' and can be found on your holding statement. Broker Sponsored: Broker Sponsored holdings are allocated a Holder Identification Number (HIN) prefixed by an 'X'.