The first week of a company being on the ASX boards can be very telling. The market doesn't get any new information until the next quarterly or half-year result, so we can get a sense of the market sentiment from how the share does in its first week.
Of course, how the market treats a share doesn't ultimately mean anything. But, it can be interesting nonetheless.
If you want to learn more about a share below, I suggest you dig into the prospectus.
Here are how the latest ASX shares fared:
archTIS Limited (ASX: AR9)
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.
It was meant to start trading yesterday, but sadly it appears not to have hit the boards. The new listing date is yet to be announced by the ASX.
PM Capital GO 2025 Limited (ASX: P25)
It 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.
Foolish takeaway
It's very disappointing when none of the expected floats end up listing. archTIS sounds like an interesting business, but it could be a while before it tries to float again.
