StepChange Holdings Limited – Initial Public Offering
An initial public offering (IPO) by StepChange Holdings Limited ACN 678 129 756 (Company) of 70,000,000 fully paid ordinary shares (Shares) in the Company to raise $14,000,000 (before costs) with a right to accept oversubscriptions of up to a further 5,000,000 Shares to raise up to a further $1,000,000 (before costs) (Offer).
The Offer is made on the terms, and is subject to the conditions, set out in the Prospectus dated 30 May 2025 (Prospectus). The Prospectus can be accessed on this page by clicking on the button provided below. It is important that you read the Prospectus carefully in its entirety before deciding whether to invest in the Company.
No offer of securities is made on the basis of the electronic version of the Prospectus accessible through this website. The paper form of the electronic Prospectus accessible through this website has been lodged with the Australian Securities and Investments Commission (ASIC).
The Offer Structure
The Offer comprises:
No general public offer of Shares will be made under the Offer. Members of the public wishing to apply for Shares under the Offer must do so through a participating broker with a firm allocation of Shares under the Broker Firm Offer.
The allocation of Shares between the Broker Firm Offer and the Institutional Offer was determined by the Company in consultation with Ord Minnett who are the Lead Manager and Underwriter to the Offer. A summary of the Underwriting Agreement (pursuant to which the Lead Manager and Underwriter has agreed to underwrite the Offer), including the events which would entitle the Lead Manager and Underwriter to terminate the Underwriting Agreement, is set out in Section 9.1 of the Prospectus.
Key Offer Dates*
| Lodgement of Prospectus with ASIC | 30 May 2025 |
| Opening date of Offer | 6 June 2025 |
| Closing date of Offer | 27 June 2025 |
| Settlement under the Offer | 2 July 2025 |
| Completion and issue of Shares under the Offer (Allotment Date) | 7 July 2025 |
| Anticipated date for admission to ASX | 10 July 2025 |
* The above dates are indicative only and may change without notice. The Company, in consultation with the Lead Manager and Underwriter, reserves the right to vary any and all of the times and dates without notice (subject to the Listing Rules and the Corporations Act 2001 (Cth) (Corporations Act)), including to close the Offer early, extend the Offer, or to accept late applications (either generally or in particular cases), or to cancel or withdraw the Offer before settlement of the Offer.
Warning
Nothing contained on this website or in the Prospectus constitutes investment, legal, business, tax or other advice. In particular, the information on this website and in the Prospectus does not take into account your investment objectives, financial situation or particular needs. In making an investment decision, you must rely on your own examination of the Company and the securities and terms of the offering, including the merits and risks involved. You should consult your professional adviser for legal, business or tax advice.
Distribution or release of the Prospectus outside Australia may be restricted by law. Persons who come into possession of the Prospectus who are not in Australia should seek advice on and observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable securities laws. No action has been taken to register the Shares outside Australia.
The Prospectus does not constitute an offer of Shares in any jurisdiction in which it would be unlawful. You should have regard to the “Important Information” section and section 2 of the Prospectus in this regard. In particular, the Prospectus may not be distributed to any person, and the Shares may not be offered or sold, in any country outside Australia except to the extent permitted as set out in the Prospectus. No action has been taken to register or qualify the Offer under this Prospectus or otherwise permit the Offer to be made in any jurisdiction outside of Australia except to the extent permitted as set out in the Prospectus.