IPO Watch: X2M Connect, Widgie Nickel and Janus Henderson’s latest ETF debuted today
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Today ASX investors welcomed two new companies X2M Connect (ASX:X2M) and Widgie Nickel (ASX:WIN) as well as a new ETF from Janus Henderson.
The first of these companies, X2M, is an IoT (Internet of Things) company which monitors and controls smart devices in the gas, water and electricity sectors.
X2M is chaired by former Victorian Treasurer Alan Stockdale, and is represented in several Asia-Pacific markets including Australia and South Korea with the latter being the company’s biggest market.
In the past year it grew revenues by 82% to $5.7 million and its connected devices by 93% to 123,256.
X2M Connect raised $8 million at 25 cents a share and gained as much as 40% this morning, before easing back in afternoon trade.
Next up was Widgie Nickel (ASX:WIN) which is a demerger from Neometals (ASX:NMT) of the latter’s Mt Edwards nickel project.
It owns a 240 square kilometre land package over the Widgiemooltha Dome located 80 kilometres south of Kalgoorlie.
Like X2M Connect, Widgie Nickel also gained on debut – by 30%. It entered the bourse unveiling its latest drilling results including 24m @ 3.22% nickel and 16m @ 4.58% nickel made by Auric Mining (ASX:AWJ).
Managing director Steve Norregaard said his company was happy with result and that it reinforced the high grade nature of the Munda deposit.
“Now that Widgie has been established as a standalone nickel focussed company in a great location and with substantial cash in the bank, we are all very much looking forward to new exploration results from our planned drill programs,” he said.
“We kick off our maiden drilling program in the next month, which will be very much targeted towards nickel and associated by-products.”
But preceding both Widgie Nickel and X2M Connect was the Janus Henderson Global Sustainable Equity Active ETF (ASX:FUTR) which commenced trading at 10am (AEST) this morning.
This ETF targets companies seeking to confront global challenges posed by megatrends (such as climate change and population growth) and those seeking to transform their industries in a sustainable way.
Janus Henderson says it will provide Australian retail investors the opportunity to invest in companies whose activities benefit from the transition to greater global sustainability.
“While our clients still demand investment solutions that will outperform over the longer term, they also want to know their investments are making a difference to make the world a better place – that you can generate strong returns and do good at the same time,” said Matt Ganden, Janus‘ Head of Australia.
“Those words and beliefs are now being translated into action and the demand we’re seeing for quality, sustainable investment strategies shows no sign of abating.”
The fund will hold 50-70 companies and will carry a carbon footprint 85% less than the MSCI World Index, Janus said.