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Your guide to upcoming floats

This article appeared in the May 2014 ASX Investor Update email newsletter. To subscribe to this newsletter please register with the MyASX section or visit the About MyASX page for past editions and more details.

From ASX

Here is a snapshot of entities that had applied for admission to the official list of ASX, as at March 4, 2014. Upcoming floats has more information, and Recent floats and listings provides information on entities that have listed on ASX in the previous two months.

Note: information about upcoming floats can change quickly if companies close their IPO ahead of schedule, or decide to extend their offer. Check the ASX website or talk to your financial adviser for latest information. IPO listing and closing dates are indicative only.

1. Genworth Mortgage Insurance Australia Limited

Genworth Australia is the leading provider of lenders mortgage insurance ("LMI") in Australia. LMI has been an important part of the Australian residential mortgage lending market since it was introduced by the Australian Government in 1965. LMI facilitates residential mortgage lending by transferring risk from lenders to LMI providers, predominantly for high-loan-to-value-ratio residential mortgages. Capital to be raised: $754 million.

2. HuaYi Resources Limited

HuaYi Resources has a magnesite project in the mountainous region in Haicheng City, in the People's Republic of China (PRC). HuaYi intends to undertake a drilling program with the aim of providing a JORC-compliant resource for the project, and verify and validate the classified mineralisation estimates undertaken in the PRC in 2009 and 2012. Capital to be raised: $2.5 million.

3. Intueri Education Group Limited

Intueri is one of New Zealand's largest private vocational education groups. Its internationally recognised schools provide industry-relevant training across a number of industries where there is steady demand for skilled people. Capital to be raised: NZ$169-234 million.

4. Managed Accounts Holdings Limited 

Managed Accounts Holdings has become a major independent managed accounts service provider in Australia with 21 licensees and more than $900 million in funds under administration. Capital to be raised: $5 million.

5. Mount Adrah Gold Limited

Mount Adrah Gold has a portfolio of prospective gold projects in southern New South Wales at the Mount Adrah Gold Project. The company fully owns five exploration licenses. Capital to be raised $3 million.

6. PM Capital Asian Opportunities Fund Limited

The PM Capital Asian Opportunities Fund is intended to provide investors with an opportunity to invest in the Asian region (ex-Japan) via an ASX listed investment company. The aim is to provide long-term capital growth over a seven-year-plus investment horizon through investment in a concentrated portfolio of predominantly undervalued listed Asian equities and other investment securities in the Asian region. Capital to be raised: $50-200 million.

7. Spotless Group Holdings Limited

Spotless Group is an Australian owned, managed and operated provider of integrated facility management services, including catering and hospitality, cleaning, facility management, grounds and gardens, laundry, maintenance, security and waste management. Capital to be raised: $864 million to $1.15 billion.

From ASX

The entities listed above have made application for admission to the official list of ASX. Part of this application process includes the allocation of a provisional ASX code and the provision of details about the entity on the linked page below. In some instances ASX provides a link to a third-party site from which the offer document and application form may also be available for download.

The allocation of a code and the provision of a link to a third-party site does not in any way imply that the entity's application for admission to the official list will be approved and should not be considered in any way as an indication of the merits of the entity. Use of a link to a third-party site indicates your acceptance of the conditions.

It is advisable to obtain investment advice before making any investment decisions relying on information provided on a third-party site, and the entity's offer document should be read in its entirety before any decision is made to invest in the entity's securities.

The views, opinions or recommendations of the author in this article are solely those of the author and do not in any way reflect the views, opinions, recommendations, of ASX Limited ABN 98 008 624 691 and its related bodies corporate ("ASX"). ASX makes no representation or warranty with respect to the accuracy, completeness or currency of the content. The content is for educational purposes only and does not constitute financial advice. Independent advice should be obtained from an Australian financial services licensee before making investment decisions. To the extent permitted by law, ASX excludes all liability for any loss or damage arising in any way including by way of negligence.

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