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:
Evans & Partners Australian Flagship Fund (ASX: EFF)
As the name might suggest, its principal activity is investing.
It will invest in a portfolio of 20 to 40 ASX shares that the fund believes will deliver sustainable earnings growth and return on capital. It will be targeting a 5% yield on the net asset value of the units.
It’s looking to raise $100 million at $1.60 per share and then start trading on 27 June 2018.
GeoCrystal Limited (ASX: GDC)
Its principal activity is mining and exploration.
It’s an Australian-based exploration company focused just on diamond exploration and discovery in Australia.
It’s looking to raise $7 million at $0.20 per share and start trading on 29 June 2018.
RMA Global Limited (ASX: RMY)
Its principal activity is being an online marketing platform for real estate agents.
It is the parent company of RateMyAgent, which is an online real estate review, ratings and statistics platform. It also owns Property Tycoon, which is an auction tipping app.
It’s looking to raise $12 million at $0.25 per share and then start trading on 29 June 2018.
Serko Limited (ASX: SKO)
Its principal activity is a cloud-based corporate travel booking and expense management solution.
The business is already trading on the New Zealand Stock Exchange and now it will be listed onto the ASX as well.
No new capital is being raised, it’s going hoping to start trading at 11AM today.
Trigg Mining Ltd (ASX: TMG)
Its principal activity is exploration and mining.
It’s based in Western Australia and is targeting the exploration of the macro fertiliser, Sulphate of Potash (SOP) for food crops around the world.
It’s looking to raise $4 million at $0.20 per share and then start trading on 28 June 2018.
Wide Open Agriculture Ltd (ASX: WOA)
Its principal activity is food and agriculture.
The company seeks to regenerate ecosystems and communities in the Western Australia Wheatbelt. It is also operating a regenerative farmland management project in WA.
It’s looking to raise $5 million at $0.20 per share and then start trading on 26 June 2018.
Several interesting listings this week. Wide Open Agriculture is certainly the most noble business of the group and I hope it is successful in the long-term. However, I have a feeling that Serko is the one to watch out of the above shares. Many of the NZ-listed companies that then list here tend to be quite successful because they already have a mindset of expanding internationally.
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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. 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.
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