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Here are some upcoming IPOs this week

Most share market investors tend to invest quite conservatively. Investing in the ASX50, ASX100 or even ASX200 is only going ankle-deep into the sea of investing opportunities.

There are hundreds of shares to choose from outside of the ASX200. The pool of choices grows every week as more businesses list onto the ASX. Some of these shares could be great potential investments.

Every single share on the ASX was a newly-listed share at some point, whether it’s been on the ASX for a few months or a few decades.

There have been some larger businesses to list onto the ASX recently, like Wagners Holding Company Limited (ASX: WGN) that are already worth hundreds of millions of dollars.

However, some businesses that will list soon are much smaller. Here are some of the IPOs expected to happen over the next week with their expected ASX tickers:

Elixinol Global Limited (ASX: EXL)

Its proposed listing date is 8 January 2018.

Its principal activities are the ‘manufacture and distribution of industrial hemp products and early stage medical cannabis business focusing on the importation, cultivation, manufacture and distribution of CBD and THC products.’ Essentially, it’s another pot stock, so there could be a lot of interest on the opening day.

The business is hoping to raise $20 million at $1 per share.

Jayride Group Limited (ASX: JAY)

Its proposed listing date is 5 January 2018 at 11AM.

Its principal activity according to the ASX listing is the ‘international comparison platform for ground passenger transportation.’

Going to Jayride’s site offers a little more information. It organises the transfer from (for example) the airport to your accommodation via a mode of transport you’re happy with such as a luxury private car or shared shuttle at a price you’re willing to pay for.

Jayride says it works with thousands of transfer companies at more than 500 airports worldwide. This sounds like an interesting business that could really take off if it gains traction with a lot of passengers.

The business is hoping to raise $1.5 million at $0.50.

Third Party Technologies Inc. (ASX: 3PT)

Its proposed listing date is 5 January 2018.

Its principal activity says that it’s a ‘U.S. based fintech company that empowers innovative businesses to make the U.S. financial markets more accessible through an API platform.’

Application programming interface (API) is a set of clearly defined methods of communication between different bits of software. Third Party aims to make it easy to create brokerage accounts, transfer funds, research companies and trade for its clients.

The business is hoping to raise between $5 million to $7 million at $0.20 per share.

Foolish takeaway

All three companies have the potential to do well, but they’re too small for me to invest in at the start and they’re also are in very competitive industries, meaning they’re quite high-risk.

For now, I'd say investing in these top growth shares would be a better investment choice today.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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