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How these IPOs fared 1 week later

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 Ltd (ASX: ASX) shares fared:

1414 Degrees Limited (ASX: 14D)

The company is commercialising energy storage technology, thermal energy storage system providing a low cost solution to intermittent energy supply and recovering electricity through a turbine on demand.

According to the company, current storage solutions focus on storing and output of electric power, whereas the 1414 Degrees technology delivers an output of heat as well as electric power. Electricity is sourced from renewables or the grid, and is stored as latent heat at constant temperature.  The energy is then dispatched on demand.

Apparently, this system is unlike any other energy system in the world. However, it’s still at an early stage of product development and commercialisation.

It was trying to raise $50 million at $0.35 per share and then start trading last week. It didn’t start trading last week and is now scheduled to hit the boards on 12 September 2018.

archTIS Limited (ASX: AR9)

The business provides 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.

It sounds like it’s a competitor to Citadel Group Ltd (ASX: CGL).

It was looking to raise $10 million at $0.20 per share and then start trading last week. It also didn’t make it onto the boards and the ASX is yet to announce the new date for the proposed listing date.

Foolish takeaway

Both shares didn’t make it onto the ASX sadly, but both may yet still make it. 1414 Degrees sounds like a very interesting idea, but it’s not the type of investment that I’d normally make.

My type of investment is a business with a clear advantage and a strong track record of profit growth, like these top growth shares.

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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.

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