Upcoming IPOs this week

Every week I look at the latest IPOs for the upcoming week.

a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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 original proposed listing date was 11 May 2018, now it's 29 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.

OneMarket Limited (ASX: OMN)

Its proposed listing date is 31 May 2018.

Its principal activity is retail data analysis and utilisation.

OneMarket says that its aim is to use tools like natural language processing and AI to help retailers overcome data, technology, and speed-to-market challenges. It is being spun out of Westfield Corp Ltd (ASX: WFD), Unibail-Rodamco-Westfield will retain 10% of the business. It will start with $160 million cash and equivalents.

It's not raising cash, it's listing through a demerger. Existing Westfield shareholders will hold 90% of the business.

PayGroup Limited (ASX: PYG)

Its proposed listing date is 29 May 2018.

Its principal activity is human resource management.

The payroll services business contributes a majority of the revenue, whilst the human capital management software is another offering.

It's looking to raise $7.5 million at $0.50 per share.

Unibail-Rodamco-Westfield (ASX: URW)

Its proposed listing date is 31 May 2018.

Its principal activity is owning and operating a commercial property portfolio in Europe, United Kingdom and United States, predominately shopping centres and also offices and convention & exhibition centres.

This is the business that just acquired Westfield and now it's issuing CHESS Depositary Interests as part of the deal.

Foolish takeaway

The two Westfield-related shares could be interesting options over time, although I'm a bit bearish on physical retail stores due to online shopping.

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.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »