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.
