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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:

PINCHme.com Inc. (ASX: PIN)

PINCHme.com’s principal activity is operating a product sampling and digital promotions platform.

The New-York based business gathers businesses who want customers to try (free) samples. Some brands currently taking part are L’Oreal, Purina, Starbucks and Skittles.

Pinchme also ‘recruits’ members to create a profile of them and their household so the samples can be matched with the households that the businesses want to learn a reaction about for that demographic.

It was looking to raise $8 million at $0.50 per CHESS Depository Interest (CDI) and start trading last week. Sadly, it didn’t make it onto the ASX boards and there isn’t a new expected listing date yet.

Security Matters Limited (ASX: SMX)

Security Matters’ principal activity is as a ‘categorisation’ technology business.

Security Matters aims to address the anti-counterfeit, brand protection, client liability and track & trace markets.

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, according to the company.

It had raised $6 million at $0.20 per share and the share price finished trade yesterday at $0.37. That means it’s gone up by an impressive 85% since listing.

Foolish takeaway

Security Matters has made quite the entrance to the ASX. Early investors seem to think it’s one to watch, but it’s far too early for me to consider investing in it.

I’d much rather invest in businesses with proven track records of growing profit like these top stocks.

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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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