IPO Wrap: Set your watch, here’s the who’s who of who’s listing over the next fortnight
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From explorers to seafood to US student housing investments, there are five stocks set to list on the ASX in the next two weeks.
But please note that these listing dates are extremely speculative.
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 who’ve listed this week:
5EA listed yesterday, and is the new name and parent company of American Pacific Borates Limited (ASX:ABR).
All shares held by ABR shareholders will be transferred to 5EA – and ABR says it will be possible to transfer holdings from ASX CDIs to NASDAQ shares and vice versa.
The focus is still on the development of the Fort Cady Borate Project, which hosts a multi-generational borate resource where boric acid, borate specialty materials, gypsum and potassium sulphate (SOP) will be produced for the global market.
The company’s shares spiked at $2.95 on yesterday, before dropping 7.79% to $2.72 today.
The explorer listed today, with a focus on two projects, the Ord Basin project along the WA/NT border, and the Albany-Fraser project in the state’s southwest.
The company says meaningful exploration around the Ord Basin has been limited over the past 50 years, so the project represents “a district scale, greenfields exploration opportunity for copper, nickel and PGE deposit types.”
At the Albany-Fraser project, Omnia plans to leverage historical data to explore for intrusive-hosted nickel-copper sulphide deposits.
Omnia IPOd at $5.5m and peaked at $0.19 before settling at $0.18 per share today.
Listing: 9 March
IPO: $6m at $0.20
The seafood processor, wholesaler, retailer and exporter has plans to expand its distribution network, aiming to roll out its Seafood Management Solution to supermarkets.
Along with increasing its sales and marketing capabilities, the company will also use the funds to upgrade processing equipment.
Stelar Metals (ASX:SLB)
Listing: 7 March
IPO: $7m at $0.20
The company is exploring for copper and zinc with an eye on meeting the demand from the tech, battery and renewable energy markets as the world leans towards a low-emission future.
And Stelar has ground in one of the most sought-after base metal mineral districts in South Australia – which hosts two-thirds of Australia’s copper resources.
The Evelyn Dam project covers 134 km2 and is prospective for Olympic Dam style iron oxide copper gold (IOCG) mineralisation, and it also holds the Linda zinc project, as well as the Torrens, Barratta and Gunson copper projects.
Listing: 7 March
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.
Pinnacle Minerals (ASX:PIM)
Listing: 11 March
IPO: $5.5m at $0.20
This explorer is focused on kaolin, with the current market at around $6.4 billion due to a global shortage and its expected to hit $8.23 billion by 2024.
Pinnacle holds the Bobalong and Holly projects in WA and the White Knight and Camel Lake projects in SA.
The company plans to kick off exploration at Bobalong and Holly Kaolin and, subject to being granted the tenement applications for Camel Lake and White, will take advantage of substantial historic datasets and integrate these with the latest exploration techniques and mineralisation models.