Upcoming IPOs this week

The IPO world is one of the most exciting and risky parts of the share market. The businesses could have a great start or a really bad start to listed life.

A lot of the newly listed shares are some of the most speculative explorative companies you could find, but there are a few that are well worth a look.

Here are the latest three shares which are meant to list this week:

Angel Seafood Holdings Limited (ASX: AS1)

Its proposed listing date is 6 February 2018.

Its principal activity is ‘aquaculture’. Its website says that Angel Seafood is the only certified sustainable and organic oyster producer in the world. The company apparently has first-mover advantage to consolidate the oyster market in Australia and particularly in South Australia.

The company says that demand for its products from domestic and overseas customers is growing. Past and future acquisitions should drive growth according to the company.

The business is hoping to raise up to $8 million at $0.20 per share.

Duxton Broadacre Farms Limited (ASX: DBF)

Its proposed listing date is 8 February 2018.

Its principal activity is ‘mixed farming operations’. 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.

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

The business is hoping to raise up to $22 million at $1.50 per share.

ReadCloud Limited (ASX: RCL)

Its proposed listing date is 6 February 2018.

Its principal activity is ‘education technology providing digital eLearning solutions to Australian schools’. Its website says that ReadCloud’s proprietary eBook reader delivers digital content to students and staff with extensive functionality, including the ability to make commentary in.

It goes on to promote the product saying that students and teachers can share notes, questions, videos and weblinks directly inside the eBook, turning the eBook into a place for discussion, collaboration and social learning.

ReadCloud is hoping to raise up to $6 million at $0.20 per share.

Foolish takeaway

All three businesses sound interesting and could go on to become mid cap stocks in a few years. Currently, I’m only interested in Duxton Broadacre Farms, I believe the other two need to show good organic revenue growth for a year or two before they could enter my watchlist.

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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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