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Upcoming IPOs this week

Each week I like to look at the upcoming IPOs which are happening on the ASX. It gives me a chance to see if there are any future stars being listed and perhaps get in early on that success story.

Every single share that currently trades on the ASX was a newly-listed share at one point, they should not be avoided just because they are new.

Here are the latest shares to be listing according to the ASX:

Accelerate Resources Limited (ASX: AX8)

Its proposed listing date is 14 February 2018.

Its principal activity is ‘mineral exploration’. Its website says that it will provide shareholders with the opportunity to invest in an Australian cobalt copper and gold exploration company.

The company says that maximum leverage will be provided to shareholders through the strategy of consolidating dominant landholdings within mineralised provinces and adding significant value to those landholdings.

The business is hoping to raise $5,000,000 at $0.20 per share.

Trimantium GrowthOps Limited (ASX: TGO)

Its proposed listing date is 12 February 2018.

Its principal activity is described as ‘technology based business advisers providing end-to-end growth solutions in: software development, cloud services, system integration, marketing communications, positioning, brand strategy, customer experience and leadership development.’

The company’s website says that it is working with companies to create new products and services and help them grow. Its aim is to help organisations maximise their long-term value and impact through growth-focused and technology-driven solutions.

According to the prospectus the company was created by the merging of eight profitable businesses, each of which will contribute a service to GrowthOps clients. The company forecasts that it will generate pro-forma revenue of $61.3 million in FY18.

The business is hoping to raise $70 million at $1 to $1.17 per share.

Foolish takeaway

As I said the first time, I don’t think Accelerate Resources is the type of investment most people should go for due to its very speculative nature. However, Trimantium GrowthOps could turn into something if it can integrate its individual businesses together and continue growing. However, GrowthOps is at an early stage of its business so I’d want to see that clients are taking up its combined company offer before considering investing.

Until then, I'd concentrate on investing in these top stocks.

Top 3 ASX Blue Chips To Buy In 2018

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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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