The Motley Fool

Will you find the next Afterpay on the ASX this year?

Investors could be looking for the next Afterpay Touch Group Ltd (ASX: APT) on the ASX this year.

ASX Ltd (ASX: ASX) is expected to have plenty of initial public offering (IPO) activity this year with several technology businesses likely to hit the boards of the Australian Stock Exchange in 2019 according to the Australian Financial Review.

There are at least eight companies with a valuation over $500 million that are expected to be potential investments for ASX investors this year.

The ASX has a plan to be the place for smaller global technology businesses to list, partly because of its lower valuation requirements and the excitement that ASX investors have about tech shares. The larger technology businesses choose to list on the NASDAQ boards in the US.

Three of the businesses that could be on the ASX this time next year are Life360, Afterpay competitor Sezzle and Nitro.

The AFR quoted ASX general manager of listings Max Cunningham as saying “We’re a lot more ambitious than just being a stepping stone. We have a savings pool of $2.5 trillion and a market cap of $1.5 trillion for the stock market … so we can play a really an important role here in funding local and global tech, which will bring more diversity to our investors.”

Foolish takeaway

This is great news for shareholders of ASX Ltd because it opens up the opportunity of exciting new investments, not just boring banks.

There’s certainly no guarantee that these future listings will be as successful as WiseTech Global Ltd (ASX: WTC) or Afterpay, but it’s worth keeping an eye on any potential future winners.

However, if the idea of investing in new tech shares sounds risky to you, then you may prefer these top ASX shares instead.

Our Top 3 Blue Chip Shares for 2019 – NOW AVAILABLE!

You’re invited! For a limited time, The Motley Fool Australia is giving away an urgent new investment report detailing our 3 TOP BLUE CHIP SHARES to own in 2019.

So if you like trustworthy, stable, high-performing companies that pay fat fully franked dividends – we’ve got you covered!

Stock #1 is a beloved old Australian company turning its attention to high-margin businesses... and rapidly returning cash to shareholders with its hefty dividend...

While Stock #2 is an online powerhouse that’s rapidly gaining market share all around the globe... poised for years (or even decades) of tremendous growth...

Even better, Stock #3 offers a whopping 6.5% grossed-up dividend! Which beats the rates on term deposits right out of the water – and offers the potential for capital gains, too.

You can discover all three shares inside our new report right now. To scoop up your FREE copy, simply click the link below right now. But you will want to hurry – this free report is available for a LIMITED TIME ONLY!

Simply CLICK HERE FOR YOUR FREE REPORT!

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO, ASX Limited, and WiseTech Global. 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.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now