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Your guide to forthcoming floats

Here is a snapshot of entities that had applied for admission to the official list of ASX, as at May 3, 2017. 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. Alderan Resources Limited

The company has assembled a holding of claims over the Pruess and San Francisco mining districts in Utah, (Frisco Project), which is host to three deposits, each with historic mining and previous drilling. Capital to be raised: $6.5 million.

2. Benjamin Hornigold Limited

A listed investment company that has a high-conviction investment style, initially targeting 5-10 investment ideas over three to six months. Capital to be raised: $20 million.

3. Biomics Biopharma Limited

Biomics is a near-clinical-stage biopharmaceutical company that is developing and commercialising double-stranded ribonucleic acid (dsRNA) based products for unmet medical needs. dsRNA longer than 30 base pairs is a key activator of the innate immune response, particularly against viral infections. Capital to be raised: $16 million.

4. Eagle Health Holdings

The Eagle Group is principally engaged in developing, manufacturing, marketing and distributing health-food products and nutritional and dietary supplements in China. Capital to be raised: $30 million.

5. Elsight Limited

Elsight has developed an innovative high-bandwidth mobile secured-datalink product that enhances the traditional live data transfer methods with a multi-link based technology which is capable of high bandwidth, stable and secured live data transfer. Capital to be raised: $4.5 million.

6. Manuka Resources Ltd

Manuka wants to become Australia’s newest silver producer by restarting the Manuka Project in the Cobar Basin in Western New South Wales. Capital to be raised: $10 million.

7. Takor Group Ltd

The company provides geospatial technology that enables businesses and consumers to harness the power of location-based technology.  Capital to be raised: $6 million.

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 above. 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.

© Copyright 2017 ASX Limited ABN 98 008 624 691. All rights reserved 2017.
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