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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:

Galileo Mining Limited (ASX: GAL)

Its proposed listing date is this Friday, 11 May 2018.

Its principal activity is the exploration of mineral resources.

Galileo Mining says that it is exploring for cobalt and nickel resources in Western Australia. Both resources have done quite well in recent years and the vast Western Australia region is known for its abundant resource locations.

The company is hoping to raise $15 million at $0.20 per share.

Star Combo Pharma Limited (ASX: S66)

Its proposed listing date is also Friday, 11 May 2018.

Its principal activity is the manufacturing of dietary supplement products.

Star Combo describes itself as a leading distributor and manufacturer of premium health and natural beauty products. Based in Sydney, the company says it distributes products to both Australian and overseas markets. The company says that it has been achieving double digit growth since its establishment in 2004.

It’s hoping to raise $7 million at $0.20 per share.

Foolish takeaway

I wish both companies all the best, but I’m not interested in investing in either of them. Explorative resource companies aren’t my type of investment and I’d want to see some reported results from Star Combo before considering an investment.

Instead, I'd much rather invest my hard-earned money into these top shares which are more likely to make money for investors.

Top 3 ASX Blue Chips To Buy In 2018

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

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool's in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool's Top 3 Blue Chip Stocks for 2018."

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%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand - and how quickly the share prices of these companies moves - we may be forced to remove this report.

Click here to claim your free report.

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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