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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:

Adriatic Metals Plc (ASX: ADT)

Its proposed listing date is today, 30 April 2018.

Its principal activity is the exploration of mineral resources.

Adriatic is a UK company that is focusing its efforts on exploring and developing its 100%-owned zinc polymetallic projects in Bosnia & Herzegovina. One of its projects is a historic open cut zinc, lead, barite and silver mine whilst the other project is an advanced exploration project.

Adriatic Metals is hoping to raise $8,000,000  at $0.20 per CHESS Depositary Interest (CDI).

Metals 479 Ltd (ASX: ML7)

Its proposed listing date is tomorrow, 1 May 2018.

Its principal activity is minerals exploration.

Metals 479 has acquired a location in Nevada that is in a ‘prolific’ belt of gold and silver deposits. The company will use the money to drill and explore the area whilst undertaking exploration and pre-development activities.

Metals 479 is hoping to raise $7 million at $0.20 per share.

Microequities Asset Management Group Limited (ASX: MAM)

Its proposed listing date is today, 30 April 2018.

As the name might suggest, its principal activity is asset management.

It runs a few different funds that focus on microcaps. It invests in ASX listed companies with market capitalisations less than $250 million and global listed companies with a market cap below US$300 million.

Microequities is looking to raise around $19 million at $0.80 per share.

Foolish takeaway

As I’ve said a few times, I’m not the biggest fan of exploration commodity stocks, so I won’t be considering investing in them. But, Microequities could be an interesting option if its funds continue to perform well and attract more funds.

However, if you want growth stocks that are already delivering strong returns you should check out these winners.

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

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Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

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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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