IPO Watch: Here’s what’s happening with 42 ASX floats
IPO Watch
IPO Watch
There are more than three dozen ASX floats in the pipeline — and they’re just the ones we know about.
Below we’ve made a list of 42 initial public offerings — most of which are going ahead and a few that are delayed or postponed indefinitely.
The ASX was the world’s fourth busiest stockmarket for IPOs in the recent half-year with 47 new listings in the half-year.
A resurgence in IPO activity is expected in the current half due to encouraging economic conditions, high equity valuations in many parts of the world and low interest rates, consultancy EY reported last week.
The ASX so far has 36 floats registered to list this half — including the $200 million Nickel Mines prospectus that launched on Thursday. Guided by mining entrpreneur Norm Seckhold it will be the biggest Australian resources IPO since Jupiter Mines in April.
Recent listings have run hot and cold. Real estate comparison site RMA Global (ASX:RMY) and dinner delivery service Marley Spoon (ASX:MMM) debuted at discounts to their issue prices this week, while computer chip software maker Pivotal (ASX:PVS) was much more successful.
Perth ag-tech Wide Open Agriculture (ASX:WOA) will ring the ASX bell on Friday morning after raising $5 million.
Here’s a table outlining the status of 42 (mostly) upcoming ASX floats:
Scroll or swipe for full table. Click headings to sort
Company | ASX code | Status | Focus | Fund raising | Issue price |
---|---|---|---|---|---|
1414 Degrees | 14D | Offer extended to Aug 13 | Silicon batteries | $30-50m | 35c |
Aldoro Resources | ARN | Was due to list Aug 6 | Nickel, cobalt | $4.5-5m | 20c |
Althea | - | tbc | Cannabis | tbc | tbc |
AMD Resources | - | Listing delayed to end of Aug | Gold, silver | $22m | 50c |
Andes Resources | - | Planning IPO this year; prospectus not yet lodged | Gold | $3-5m | - |
archTIS | AR9 | Offer closes Aug 17; Due to list Aug 27 | Data security | $8-10m | 20c |
Awati Resources | AWA | Postponed indefinitely | Gold | $4.5m | - |
Biomics Biopharma | BBM | Delayed multiple times | China-based biotech | $13-16m | 20c |
Calix | CXL | Listed July 20 | Water treatment | $8m | 53c |
Candy Club | - | In pre-IPO rounds; considering float | Subscription confectionary | unknown | - |
Carnaby Resources | - | Prospectus not yet issued | Gold | unknown | - |
China Track | CTC | Delayed; was due to list Jun 11 | Bulldozer parts | $32-40m | 80c |
Coolgardie Minerals | CM1 | Listing delayed to end of Aug | Gold | $4.25m | 20c |
Constellation Resources | CR1 | Listed Jul 30 | Nickel, copper, gold | $7m | 20c |
Corona Resources | CNA | Cancelled | Copper, gold | $6m | - |
Cowan Lithium | - | Spin-off from Tawana. Offer open Aug 30 to Sep 27; listing Oct 8 | Lithium | $6m - 8m | 20c |
EcoMag | Postponed to late 2018 | CleanTech | $3m | - | |
Eden Health | ETK | Was due to list Jul 11 | Kiwi fruit-focused AgTech | $15.6 - 20m | 20c |
Euro Manganese | - | Offer open Sep 5-18; due to list Oct 1 | Manganese | $5.2 - 8.8m | 26c |
Frugl | Pre-IPO funding; plans Sep listing | Grocery price comparison | tba | - | |
GeoCrystal | GDC | Listing delayed | Diamonds | $5-7m | 20c |
Golden State Mining | - | Offer open Sep 3-28; listing Oct 12 | Gold | $4.5m - 5.5m | 20c |
Haixi Pharma | HXP | Delayed multiple times | China-based, pain relief biotech | $25 - 30m | 50c |
Hao Xian Yang | - | - | Beef, mutton and vegetarian meat | $1 - 1.5m | 20c |
Identitii | ID8 | Offer open Aug 16-31; listing due Sep 19 | Blockchain | $11m | 75c |
Kaiyun Holdings | - | Closing Oct 15; due to list Oct 29 on NSX | China-focused copper and gold | $3 - 4m | 20c |
Keytone Dairy | KTD | Listed Jul 18 | NZ dairy powder exporter | $12 - 15m | 20c |
Kingwest Resources | KRW | Offer closed; Listing delayed to Aug 23 | Gold | $5m | 20c |
Kleos Space | KSS | Offer closed Jun 21; listing delayed | Surveillance satellites | $11m | 20c |
METALS 479 | - | Cancelled | Silver | $5-7m | - |
Moho Resources | MOH | Due to list Sep 29 | Gold, nickel, copper | $4.5-6m | 20c |
Montem | - | Due to list Sep 27 | Canada-focused coking coal | $15-20m | 50c |
Neuroscientific Biopharma | NSB | TBA, was due end of July | Alzheimer’s | $5-6m | 20c |
Nicheliving | NLH | Extended to Sep 14 | Residential developer | $5-12m | 50c |
Nickel Mines | NIC | Listing delayed to Aug 20 | Nickel | $200m | 35c |
Norwest Gold | - | Spin-off from Australian Mines (ASX:AUZ) due to open in Sep | Gold and base metals | $2.6m | - |
Ocean Guardian | OCG | Cancelled | Shark deterrent | $5m | - |
OneAtom 12 | - | Due to list Aug 10 on NSX | Water treatment | $3m | 8c |
Power Asia Limited | P88 | Offer extended | Renewable energy | $9m | 20c |
Prospa | PGL | Postponed | small business loans | $146m | 3.64 |
QEM | QEM | Closes Sep 10; due to list Sep 20 | Vanadium | $5m | 20c |
Rafaella Resources | RFR | Listed July 26 | Cobalt, copper, gold | $5m | 20c |
Raptor Resources | RPL | MIA | Lithium, copper, iron ore | $4-4.5m | - |
Rong Yu Pharma | RY8 | Delayed | Traditional Chinese Medicine | $14-20m | 20c |
Secure2Go Group | S2G | Postponed indefinitely | Cyber security | $4-5m | 30c |
Spreedbox | SBX | Delayed, was due to list Jun 20 | Cloud computing | $4.2-$4.9m | 20c |
Stirfire | SFS | Cancelled | Video games | $5-7m | 20c |
Sultan Resources | SLZ | IPO closes Jul 27; was due to list Aug 7 | Gold | $4.5-5m | 20c |
Tartana Resources | - | IPO suspended due to ASIC query | Zinc, copper | $5-6m | - |
Tempus Resources | TMR | Due to list Aug 15 | Copper, gold, nickel, zinc | $5m | 20c |
Trigg Mining | TMG | Postponed indefinitely | Potash | $4-6m | - |
Universal Biosecurity | UBL | Delayed | Safe pest control | $5 million | 20c |
Vintage Energy | VEN | Offer closes Aug 31; Due to list Sep 17 | Gas exploration | $30 million | 0.20 |
Vitalharvest | VTH | Listed Aug 6 | Fruit farms | $10m | $1 |
Zaige Waste Management | ZGZ | Delayed | China-based recycling | $14-20m | 0.2 |