IPO Wrap: Mark your calendars – here’s the who’s who of listings this fortnight
IPO Watch
IPO Watch
From explorers to oil & gas and student housing real estate – there are six stocks set to list on the ASX in the next two weeks.
But please note that these listing dates are extremely speculative. Call them “aspirational”. If you’re interested, contact the company direct for a better idea of when they expect to start trading on the ASX.
Here are the companies listing this week:
Listing: 8 February
IPO: $6m at $0.20
The spinout of private project generator Tali Resources will list with 3 WA exploration projects — the flagship ‘West Arunta’ plus ‘Madura’ (IOCG) and ‘Hidden Valley’ (nickel, copper, PGEs).
Iron oxide copper gold ore deposits (IOCG) — like BHP’s Olympic Dam mine or more recent Oak Dam discovery — can be huge, and simple-to-process concentrations of copper, gold and other elements like uranium.
Hidden Valley contains a number of potential intrusive bodies considered prospective for mafic-ultramafic intrusion-hosted Ni-Cu-PGE sulphides, à la Chalice Mining’s (ASX:CHN) Julimar.
Listing: 10 February
IPO: $6m at $0.20
This gold and copper explorer has four projects across WA and Queensland, with its focus on the West Tanami gold project.
But the company reckons there could be some rare earths upside, with its tenements right next to where PVW Resources (ASX:PVW) reported huge potential for rare earths mineralisation at its Killi Killi project.
Also in WA, Killi has the Balfour copper project, and in Queensland the company has two gold projects – Ravenswood North and Mt Rawdon West.
The company plans to undertake a VTEM survey and ground gravity survey at West Tanami, with aircore drilling to start at the Lyrebird North, Hermes and Yosemite prospects and RC drilling to follow later in the year.
Killi also plans to complete a VTEM survey, soil geochem program followed by AC and RC drilling at the Ravenswood North project, along with airecore and RC drilling at the Balfour and Mt Rawson West projects.
Listing: 11 February
IPO: $7m at $0.20
The employee and consumer rewards, loyalty and engagement program offers a cloud-based, ecommerce platform where members can access exclusive discounts and offers, and businesses can reward their employees for their loyalty and performance.
It boasts that it’s connected more than 4.6 million members with over 4,500 suppliers and has big name clients like Telstra, Ria Money, Ramsay Health, MLC and AIG.
And there’s room to grow – globally, the loyalty management market is estimated at US$7.6 billion in 2020, and forecast to grow to US$15.5 billion by 2026 at a CAGR of 15.3%.
As part of the IPO, the company will acquire Perx Rewards, adding $12.5m revenue to the My Rewards Business.
Here are three more listing next week:
Listing: 14 February
IPO: $6m at $0.20
The explorer is focused on its Colombian high-grade copper-gold-silver-zinc project called El Dovio – a high-grade VMS system with grades to 104 g/t gold and 17% copper.
ADM is targeting a maiden JORC resource on initial 15,000m drilling campaign with a scoping study to follow.
Plus, the company says Colombia is emerging as a major new mining destination, with majors like Anglogold Ashanti (ASX:AGG) developing new copper and gold mines in country.
Listing: 14 January
IPO: $6.4m at $0.20
The company is exploring for oil, gas and other associated product streams (including helium and hydrogen) – and aims to be a net zero emissions energy producer.
The company will hold a 100% interest in a granted hydrocarbon permit in Queensland, where it plans to undertake geological, geophysical and engineering studies, aeromag and gravity surveys, seismic acquisition as well as the plug and abandon of the Barwinock 2 well.
In the Northern Territory, the company will hold a 50% interest in 30 hydrocarbon exploration permit applications totalling ~160,000km2.
The company aims to secure application grants, seismic acquisition and to undertake seismic interpretation and drilling prospect generation.
Listing: 16 February
IPO: $45m at $1.38
The REIT aims to acquire and manage high-quality purpose-built student housing assets in close proximity to top-tier public universities across the United States, and drive value through operational strategy and capital upgrades – and is the only Australian-listed property trust with a primary strategy in investing in US student housing.
USQ says the sector fundamentals have been resilient during periods of economic instability due to ever-growing enrolment demand driven by demographics and little reliance on overseas students.
The portfolio will have a strong mix of assets owned and/or operated by joint venture partners Auctus Investments Group (ASX:AVC), a private markets asset manager based in Melbourne, Australia, and Student Quarters, an Atlanta-based student housing owner and operator, for up to five years.