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How these IPOs fared 1 week later

The first week on the ASX boards will give shareholders a good indication of the market will treat the business until its first report.

My colleague, Steve Holland, covered three IPOs last week. Let’s see how they did since their expected listed dates:

Duxton Broadacre Farms Limited (ASX: DBF)

Duxton Broadacre Farms was meant to list on 17 January 2018.

Investing in Duxton Broadacre Farms would give shareholders access to a well-established portfolio of farms valued at $58 million, producing a diverse range of crops through dry land and irrigated properties. It boasted as being the only ASX listed vehicle to give investors direct exposure to grain production.

The farm cost of production is supposedly significantly less than the global average. It aims to expand its farmland assets through acquisitions and aggregations.

Duxton Broadacre Farms could be a good investment. It was meant to list last week but the listing has been delayed to 8 February according to the ASX site.

intelliHR Holdings Limited (ASX: IHR)

intelliHR was meant to list on 17 January 2018.

It has a goal of being the number one people technology platform in the world. It offers companies data on people to analyse in order to track real-time performance.

Technology companies are highly sought-after shares, so I wouldn’t be surprised to see this one take off.

It appears today is the business’ first trading day, so interested investors will need to watch how it performs today.

China Track Limited (ASX: CTC)

China Track was meant to list on 19 January 2018.

It’s 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.

China Track also seems to have not listed and it’s unclear when it may do so.

Foolish takeaway

It’s rare yet unsurprising that all three shares didn’t end up listing on their expected dates. Of the three I think only Duxton Broadacre Farms may be worth an investment from the start, I’d wait for the other two to report over the next year before jumping in.

However, I'd be very happy to jump on these top growth stocks when I get an opportunity.

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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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