This article appeared in the August 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.
Here is a snapshot of entities that had applied for admission to the official list of ASX, as at August 6, 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.
The 8common Group's primary business is in the development and distribution of two established software solutions: Expense8 and Realtors8. The solutions help companies, their employees and professionals control costs, boost productivity and in the case of Realtors8, generate leads. Capital to be raised: $3.5 million.
Barrack St Investments intends to list on the ASX as a listed investment company. It will provide investors access to one of Australia's leading small and mid-cap investors. Capital to be raised: $50 million.
BPS Technology specialises in driving customers to merchants through its trading and payments platforms. BPS operates the world's largest trade exchange Bartercard and provides on-demand cloud based, Software as a Service "SaaS" payment systems. Capital to be raised: $28 million.
Metroglass produces a range of customised glass products that are predominantly used in residential and non-residential construction applications such as windows, doors, internal partitions, balustrades, facades, showers, mirrors, furniture and splashbacks. Capital to be raised: $244 million.
Orthocell is a bio-therapeutic company dedicated to improvement of the lives of people suffering from soft tissue injuries by providing innovative approaches to the regeneration of tendon, cartilage and soft tissue injuries. Capital to be raised: $8 million.
QV Equities has been established to invest predominantly in a diversified portfolio of ASX listed entities outside the S&P/ASX 20 Index with aim of providing long-term capital growth and income over a five-year-plus investment period. Capital to be raised: $200 million.
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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