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.
If any of the below shares sound interesting, you should read the prospectus to see if you want to invest.
According to ASX Ltd (ASX: ASX) there are a few upcoming listings:
Althea Group Holdings Limited (ASX: AGH)
Its principal activity is holding a number of licenses and permits for the importation, cultivation, production and supply of medicinal cannabis in Australia.
It’s based in Victoria and wants to improve the lives of patients suffering from debilitating conditions by facilitating access to high-quality medicinal cannabis.
It is looking to raise $19.65 million at $0.20 per share and then start trading on 21 September 2018.
identitii Limited (ASX: ID8)
Its principal activity is as a fintech company.
identitii aims to allow banks to move away from customer level information to detailed information about each and every transaction regarding the purpose and participants.
It’s looking to raise $11 million at $0.75 per share and then start trading on 19 September 2018.
QEM Limited (ASX: QEM)
Its principal activity is as a mineral exploration business.
QEM firmly believes that vanadium will play an integral part in the future of the renewable energy market. QEM anticipates this to be achieved through the increasing demand and use of vanadium redox flow batteries as a viable form of renewable energy storage. vanadium is a chemical element.
It’s looking to raise $5 million at $0.20 per share and then start trading on 20 September 2018.
Security Matters Limited (ASX: SMX)
Its principal activity is as a ‘categorisation’ technology business.
Security Matters owns and commercialises technology to permanently and irrevocably ‘mark’ any object either solid, liquid or gas, allowing identification, proof of authenticity, tracking supply chain movements & quality assurance for countless products in virtually every industry.
It’s looking to raise $6.5 million at $0.20 per share and then start trading on 18 September 2018.
Stealth Global Holdings Ltd (ASX: SGI)
Its principal activity is as a global distribution group supplying an extensive range of safety, industrial, healthcare and workplace consumable products to business customers.
Stealth was founded in Perth in 2014, supplying safety, industrial, healthcare and workplace consumable products to business customers in Australia, Africa, UK, Europe and Asia.
It’s looking to raise $12.5 million at $0.20 per share and then start trading on 19 September 2018.
Vintage Energy Ltd (ASX: VEN)
Its principal activity is likely to be to explore for natural gas assets.
Vintage is looking to take advantage of the current energy situation in Australia by drilling for gas in South Australia, where the government is apparently supportive of the industry due to its recent energy policy.
It’s looking to raise $30 million at $0.20 per share and then start trading today.
Quite a few different businesses are listing this week. Whilst there are a number of interesting business ideas, I don’t think any of them personally attract me.
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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.