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:
archTIS Limited (ASX: AR9)
Its principal activity is consulting on secure information sharing and cyber security platform design.
archTIS provides a variety of products designed to help organisations share and collaborate, in a safe and secure environment.
Some examples include a product for government classified information, a product for mobile deployment or isolated teams and a cloud service for businesses to share high-value information.
In some ways it sounds like it’s a competitor to Citadel Group Ltd (ASX: CGL).
It’s looking to raise $10 million at $0.20 per share and then start trading on 27 August 2018.
PM Capital GO 2025 Limited (ASX: P25)
Its principal activity was going to be a listed investment company, it was going to invest in listed global securities (both long and short) diversified across global equity markets.
The listed investment company was going to come to the market with Portfolio Tracking Exchangeable Redeemable Securities, called PTrackERS, which would have been quite innovative for the LIC world.
Sadly, it seems as though the company won’t be coming to the market with it announcing that the minimum subscription size of $105 million was not met and it would not be in the best interest of investors to proceed.
Reporting season seems to be a quiet time for listing. archTIS could be one to watch, but it’s a bit too early for me to call it a good investment. I think it could be one to keep an eye on though.
Instead, I think these top stocks could be a better bet for your portfolio.
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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 and Citadel Group Ltd. 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.