ASX Initial Public Offerings (IPOs) are the talk of the town in 2021 and market watchers interested in debuts have plenty to look forward to this week.
There are a massive 9 floats scheduled to happen this week. Here are the biggest ASX listings to look out for.
ASX IPOs to watch this week
Following are the top 5 ASX IPOs, by anticipated market capitalisation, expected to occur this week.
Legacy Minerals Holdings Limited’s (ASX: LGM) IPO will be today
Legacy Minerals is a copper and gold explorer with 5 prospective projects in NSW’s Lachlan Fold Belt.
Under its prospectus, investors could get their hands on Legacy shares for 20 cents each.
It hopes to have a market capitalisation of around $16.2 million.
Legacy’s float will happen at 11:30 this morning.
Way 2 VAT Ltd (ASX: W2V)
Way 2 Vat is the tech company behind the WV2 platform, an application that can reclaim value added tax (VAT) using artificial intelligence.
The platform has launched in Israel, Europe, and the Asia-Pacific region. It brought in US$1.03 million of revenue over the 12 months ended 31 December 2020.
Way 2 VAT’s IPO will hit the ASX on Friday.
Investors in its prospectus could get shares in the company for 20 cents apiece, giving it an expected market capitalisation of $29.7 million.
Copper Search Limited (ASX: CUS)
Copper Search is a mineral exploration and development company focused on the Gawler Craton Region in South Australia. It has 10 mineral exploration licences, covering 6,673 square kilometres.
The company’s 4 main project areas are the Peake and Denison, Mt Arthur, Ruby Hill, and Billa Kalina projects. It also has another potential project, Titan North.
Under its prospectus, Copper Search’s shares were going for 35 cents apiece, giving it an expected market capitalisation of $28.8 million.
Its ASX IPO will go ahead on Wednesday.
Koonenberry Gold Limited (ASX: KNB)
Koonenberry is a gold exploration company that owns the Koonenberry Gold Project.
The project is on a major gold nugget field that, until recently, had limited land access.
Additionally, the company’s wholly-owned subsidiary, Lasseter Gold Pty Ltd, owns 12 tenements associated with the Koonenberry Gold Project.
The company’s shares went for 20 cents apiece during its prospectus. It’s forecast to IPO on the ASX with a market capitalisation of between $$27.7 and $29.7 million.
The company is expected to list on Friday.
Pearl Gull Iron Limited (ASX: PLG)
Pearl Gull is an up and coming iron ore producer with a mining lease that covers a proportion of Western Australia’s Cockatoo Island.
It is exploring the island for high-grade iron ore, with drilling currently underway.
It expects the results from its initial drilling campaign before the end of the year, subject to laboratory assay turnaround times.
After offering shares for 20 cents each in its prospectus, Pearl Gull expects to debut on the ASX with a market capitalisation of $20.5 million.
Pearl Gull will be hitting the ASX on Thursday.
Other ASX IPOs happening this week
If those 5 floats aren’t enough for you, here’s what else will be hitting the ASX this week:
Heavy Minerals Limited (ASX: HVY) will be debuting on the ASX tomorrow. Its shares went for 20 cents apiece in its prospectus and it expects a market capitalisation of $10.2 million.
Dalaroo Metals Ltd (ASX: DAL) will hit the market on Wednesday, with an expected market capitalisation of $10.8 million. Its prospectus offer price was 20 cents.
Star Minerals Limited (ASX: SMS), which offered its shares for 20 cent under its prospectus, will hit the market on Thursday.
Finally, SSH Group Ltd (ASX: SSH) is expected to debut on Friday with a value of $11.9 million after offering its shares for 20 cents apiece in its prospectus.