Interested in upcoming IPOs? These ASX shares will make their debut in June

Let’s find out which companies are set to make their debut.

IPO written in circles with a man holding a smartphone and a laptop open.

Image source: Getty Images

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The ASX says there are 11 upcoming IPOs in June, mostly made of metals and mining companies.

In 2021, capital raised from IPOs in Australia more than doubled in comparison to 2020, data from Herbert Smith Freehills found.

“However, the increase in capital raised in 2021 is mainly a result of the higher number of IPOs,” the HFS team found.

There have been 24 new floats on the ASX over the last 2 months says Listcorp, an average of 12 per month.

ASX June listings

According to ASX listing data, these are the companies set to float in June:

Company/tickerListing dateIssueCap raise
Cavalier Resources Limited (CVR) 10 June20 cents$7 million
Chalkos Metals Limited (CKM) 30 June20 cents$8 million 
Coolabah Metals Limited (CBH) 22 June20 cents$6 million
Kingsland Minerals Ltd (KNG) 14 June20 cents$5.5 million
Leo Lithium Limited (LLL) 23 June70 cents$100 million
MetalsGrove Mining Ltd (MGA) 27 June20 cents$7 million
OD6 Metals Limited (OD6) 22 June20 cents$8 million
Sarytogan Graphite Limited (SGA)  30 June 20 cents $8.5 million
Southern Palladium Limited (SPD) 8 June50 cents$19 million
Synergen Met Limited (SH2) 30 June20 cents$25 million
Uvre Ltd (ASX: UVA) [Completed] 7 June20 cents$6 million

A total of $191 million will be raised from this equity round in June with Leo Lithium at the upper limit seeking to raise $100 million.

For further information on each upcoming float, contact the respective company or the company’s share registry.

In broad market news, the S&P/ASX 200 Index (ASX: XJO) has continued its struggles on Tuesday morning, currently trading close to 5% in the red.

Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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