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. A new float is usually when a private company is looking to sell a small or large portion of the business to new investors. The funds are typically needed for the growth of the…
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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.
A new float is usually when a private company is looking to sell a small or large portion of the business to new investors. The funds are typically needed for the growth of the business, such as buying property, funding product development or making an acquisition.
According to ASX Ltd (ASX: ASX) there are a few upcoming listings:
Civmec Limited (ASX: CVL)
Its principal activities are engineering and construction.
Civmec describes itself as an integrated multi-disciplinary heavy engineering and construction provider to the metals and minerals, oil and gas, infrastructure, water and energy, as well as marine and defence markets.
The company is issuing CHESS Depositary Interests (CDI’s) so that it’s jointly listed on the ASX and Singapore Stock Exchange. It will list on 22 June 2018.
Keytone Dairy Corporation Limited (ASX: KTD)
Its principal activities are as a manufacturer, packer and exporter of dairy and nutrition products.
It’s a New Zealand based manufacturer and exporter of formulated dairy and nutrition powdered products. It has a number of dairy products and is already a sole contracter to Woolworths Group Ltd’s (ASX: WOW) New Zealand subsidiary, Countdown, manufacturing the branded Whole Milk Powder and Skim Milk Powder in the long term.
It’s looking to raise $15 million at $0.20 per share and then list on 19 June 2018.
Neuroscientific Biopharmaceuticals Ltd (ASX: NSB)
Its principal activity is biopharmaceuticals.
It is developing peptide-based pharmaceutical products that target a number of neurological disorders that have high unmet medical needs. The current R&D program is focused on developing a treatment for stroke-related brain injury and dementia / Alzheimer’s disease, and a diagnostic for early-stage Alzheimer’s disease.
It’s looking to raise $6 million at $0.20 each and then list on 22 June 2018.
Parazero Limited (ASX: PRZ)
Its principal activity is the development and manufacturing of innovative safety systems for drones.
Its product is called a SafeAir safety box which independently monitors the flight operation of the drone and if a failure occurs it can activate a patented ballistic parachute which also warns people underneath and communicates with the unmanned traffic system.
It’s looking to raise $7 million at $0.20 per share and then list on 18 June 2018.
Raiz Invest Limited (ASX: RZI)
Its principal activity is as holding company for a micro-investment services group.
Raiz used to be Acorns Australia, the investment app that people used to invest their change. It used to be a joint venture with Acorns US, but now the local Acorns is rebranding as Raiz. It has $170 million of funds under management and 155,000 active monthly users. Acorns US is now a minority shareholder.
It’s looking to raise around $15 million at $1.80 per share, then list on 21 June 2018.
WAM Global Limited (ASX: WGB)
Its principal activity is investing into overseas shares, it’s a listed investment company (LIC).
WAM Global is the newest LIC from WAM and looks to give investors exposure to overseas shares. I wrote an article about it a few months ago.
It has reportedly raised $466 million and will be listing on 22 June 2018.
An interesting selection of businesses are listing this week. I wouldn’t be surprised to see a lot in interest in Keytone due to the success of similar companies in recent history. The Raiz app has grown a substantial following, so that could continue its success.
The big listing is WAM Global, I have taken part in the IPO as I believe over the long-term the WAM process will work well for the global share market.
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Motley Fool contributor Tristan Harrison has applied for shares in WAM Global Limited. The Motley Fool Australia owns shares of ASX Limited. 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.