3 IPOs to watch this week

Here are three companies set to list on the ASX this week…

a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Many investors have done well jumping on companies such as Altium Limited (ASX: ALU) and the A2 Milk Company Ltd (ASX: A2M) as they launched on the ASX.

IPOs offer investors a great chance to get in early and potentially reap fruitful returns.

But it can be a bit of a bother trying to keep up with all the companies listing.

So here are three companies that are set to this week list on the ASX that could be worth checking out.

Duxton Broadacre Farms Limited (ASX: DBF)

Duxton Broadacre Farms plans to increase its existing interests "into a diversified portfolio of high-quality, efficient farms".

The company stated that it holds a portfolio of broadacre farms, or farms which produce grains and other crops, worth more than $58 million.

Duxton Broadacre believes that when it lists, with an expected date of Wednesday 17 January, it will be the only ASX-listed company that offers investors direct exposure to grain production.

The agricultural company intends to raise $22 million at $1.50 per share.

intelliHR Holdings Limited (ASX: IHR)

intelliHR Holdings is a human resources software company which has big plans to be the "number one people technology platform in the world".

The Brisbane-based company, founded in 2013, offers companies data on people to analyse in order to make it easier to track real-time performance.

intelliHR Holdings is scheduled to list on Wednesday 17 January, and hopes to raise $4.5 million at 30 cents per share.

China Track Limited (ASX: CTC)

China Track Limited is a manufacturer and supplier of replacement parts for use in crawler equipment, such as bulldozers and excavators, that service the mining, construction and agricultural industries.

The company stated that in financial year (FY) 2016 it increased its net profit after tax by 17 per cent on the previous year and invested about $1.9 million on research and development.

China Track Limited believes it's well positioned to cash in on the Chinese Government's 'One Belt, One Road' initiative as a large portion of the company's products are currently sold in countries where the massive development is set to take place.

The company sells about one per cent of its products in Australia but hopes to boost that figure by increasing its presence in the mining and agricultural sectors.

China Track is expected to list on 19 January, with an issue price of 80 cents and aims to raise $40 million.

Motley Fool contributor Steve Holland has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of A2 Milk and Altium. 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.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »