Upcoming IPOs this week

The ASX already has thousands of different shares, ETFs and other products listed on its books. This number gets bigger every week with more floats of businesses hitting the exchange.

Every single business that is listed on the ASX had an IPO at some point, so a share shouldn’t be discounted just because it’s new onto the exchange. In-fact it’s the new businesses that are likely to generate the biggest returns for investors, if you choose the right share.

Here are the upcoming IPOs over the next week:

Elixinol Global Limited (ASX: EXL)

Its proposed listing date is today, 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.’ It’s a pot stock, so it could have a good day because most other pot stocks reacted well to the export approval news last week.

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

Black Cat Syndicate Limited (ASX: BC8)

Its proposed listing date is 15 January 2018.

Its principles activities are ‘minerals exploration’. Its website says that it’s ‘focused on advanced exploration and development of the high grade Bulong Gold Field located just 25 km east of Kalgoorlie, Western Australia. Bulong has access to excellent infrastructure with a sealed road and mains power running through the project. In addition, there are five regional mills and support services including a workforce readily available.’

The business is hoping to raise $6,000,000 at $0.20 per share.

Cygnus Gold Limited (ASX: CY5)

Its proposed listing date is 15 January 2018.

Its principal activities are ‘minerals exploration’. Its website says that it’s ‘focused on the exploration and discovery of gold deposits in the under-explored, prospective wheatbelt of southwest Western Australia. Cygnus holds over 5,000km² of granted tenements and applications’.

The business is hoping to raise $6,000,000 at $0.20 per share.

In my IPO article last week, I didn’t mention Frontier Diamonds Ltd (ASX: FDX)

It listed on 5 January 2018.

Its principal activities are ‘Mineral mining and development’. Its website says ‘the Company’s current focus is largely on two operating diamond mines in South Africa – Star and Sedibeng Diamond Mine.’

The business aimed to raise $6,000,000 at $0.20 per share.

Foolish takeaway

Pot stocks and resource shares are some of the most volatile stocks out there, so I wouldn’t be surprised to see these microcap shares have some turbulence in their first week.

I hope all four companies are successful and benefit shareholders, but they’re not in the industries I’m interested investing in and they’re too small for me.

If you have some capital you want to put to work, then these top growth shares could be the right place for your cash.

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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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