Escrow estimator

Assumptions

This tool assumes an IPO of an Australian company and classifies holders at a category level only. Mandatory escrow generally applies only to entities admitted under the assets test. Entities admitted under the profit test are not usually subject to ASX-imposed escrow, although voluntary escrow is common. The cash formula in Appendix 9B can release a portion of a seed capitalist’s holding equal to the cash paid, by reference to the IPO price. ASX applies the escrow rules through Appendix 9B and retains discretion; classification of individual holders is fact-sensitive. Voluntary escrow arrangements agreed with brokers are separate.

Disclaimer

This tool provides general information only and is not legal advice. It reflects the ASX Listing Rules, ASX Guidance Notes and the Corporations Act 2001 (Cth) as at July 2026, which may change without notice. Outputs are indicative, depend entirely on the inputs you provide and do not account for your entity’s specific circumstances, issue history or the exercise of ASX or ASIC discretion. ASX makes the final classification of restricted securities through the Appendix 9B process, and its decision may differ from this indication. Do not act, or refrain from acting, in reliance on an output without obtaining advice on your circumstances. Use of this tool does not create a solicitor and client relationship with Luma Legal.