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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:

Awati Resources Limited (ASX: AWA)

Its proposed listing date is 25 April 2018.

Its principal activity is mineral exploration and development.

Awati’s website says that it’s a gold exploration company with nine prospective exploration licences and one exploration licence application. It has a 100% ownership of the Tibooburra Project in far North-western NSW, Australia, the area is known for alluvial gold according to Awati.

Awati is hoping to raise $4.5 million at $0.20 per share.

ClearVue Technologies Limited (ASX: CPV)

Its proposed listing date is 25 April 2018.

Its principal activity is electrical components and equipment.

ClearVue’s website says that its technology allows visible light to pass through a pane of glass, while the invisible wavelengths of light are deflected to the edges of the glass where they are converted into electricity. It gives the example of turning a glass skyscraper into a massive solar panel.

ClearVue is looking to raise $6 million at $0.20 per share.

L1 Long Short Fund Limited (ASX: LSF)

Its proposed listing date is 24 April 2018.

It’s a listing investment company (LIC), so its principal activity is investing.

There seems to be a lot of market excitement surrounding this launch. The manager boasts of having an average return after all fees of 36.87% per annum since its inception in September 2014 of its other fund, the L1 Capital Long Short Fund. It will invest in Australia and overseas.

L1 was looking to raise $500 million to $600 million at $2 per share, but it could raise up to $1.35 billion.

Smiles Inclusive Limited (ASX: SIL)

Its proposed listing date is 27 April 2018

Its principal activity is ‘roll-up of dental practices’.

I find it refreshing for a company to be so honest and to-the-point about what its strategy will be. The roll-up strategy has worked well for other dental practice businesses on the ASX and Smiles Inclusive will be following this same path.

Smiles Inclusive was hoping to raise $35 million at $1 per share.

Vonex Limited (ASX: VN8)

Its proposed listing date is 26 April 2018.

Its principal activity is being a technology company.

With that vague description, its website is much clearer. It’s a telecommunications company that uses Voice over Internet Protocol technology. It says its game changing technology is unique.

Vonex was hoping to raise $7 million at $0.20 per share.

Foolish takeaway

Quite a few businesses are listing this week. All eyes will be on the L1 fund, although most of them sound promising. Turning a skyscraper into solar power sounds exciting in this era of a drive for renewable energy, a dental roll-up strategy could work and other VoIP businesses have proven to be popular. I’ll be keeping my eyes on several of these shares over the coming months.

However, it might be worth holding off buying until we see how they do for the first six months. Until then, it could be a better idea to buy these top stocks.

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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 Scott Phillips.

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