Your guide to upcoming floats

This article appeared in the November 2013 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.

An update on companies that have applied for official admission to ASX and links to information on upcoming and new listings.

From ASX

Here is a snapshot of entities that had applied for admission to the official list of ASX, as at November 7, 2013. Upcoming floats has more information, and Recent floats provides information on entities that have listed on ASX in the previous two months. Please 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 on upcoming floats. IPO listing and closing dates are indicative only

1. DorsaVi Ltd

DorsaVi Ltd (previously Pro-Active Medical Pty Ltd) is a biotechnology company focused on developing innovative motion analysis device technologies. DorsaVi comes from 'dorsa', Latin for 'back' and Vi which is a derivative of the French for 'life', 'Vie'. It wants to raise $18 million.

2. Elsmore Resources Ltd

Elsmore Resources is a mining and exploration company focused on exploration for tin and gemstones in and around the New England region of New South Wales. It seeks to raise $7 million through an initial public offering (IPO).

3. Freelancer Limited

Freelancer is the owner and operator of the world's largest online marketplace for outsourcing, freelancing and crowdsourcing services, measured by total number of users and projects. Founded in 2009, Freelancer's website today has more than 9 million users, who have posted more than 4.9 million projects worth over US$1.2 billion. Freelancer sought to raise $15 million through an IPO.

4. Industria REIT

Industria REIT is a new Australian real estate investment trust (REIT) to be listed on ASX. Industria is seeking to raise up to $225 million through the offer of securities at an offer price of $2.00 per security.  Industria will own interests in a workspace focussed portfolio of 18 established, high quality industrial, technology park and business park assets located across Sydney, Melbourne, Brisbane and Adelaide, and which have been independently valued at $378 million.

5. Longreach Resources Limited

Longreach is a speculative exploration company that has entered into Heads of Agreement to acquire 75 per cent of the Mt Olympus Project, approximately 35 kilometres south-east of Paraburdoo in the Peak Hill mineral region of Western Australia. The project is comprised of two tenements covering approximately 66 square kilometres, which are considered prospective for Carlin-style gold mineralisation and base metals. Longreach seeks to raise $4 million.

6. Nine Entertainment Co. Holdings Limited

Nine Entertainment is an Australian media and entertainment company with a portfolio of leading businesses, comprising the Nine Network, which owns free-to-air television licences in Sydney, Melbourne, Brisbane, Perth and Adelaide;  Nine Events, a live events business that includes Ticketek, the largest provider of ticketing services for sport and live entertainment events in Australia and New Zealand by ticket sales volume; and nine Digital and Ventures, which operates Mi9, a leading Australian online publisher, reaching approximately 10.5 million active Australian online users every month.

Nine Ventures is responsible for investments in Australian News Channel (which operates Sky News) and Yellow Brick Road. Nine Entertainment wants to raise $275 million.

7. Shenglong International Investment Limited

Shenglong was formed in February 2012 to acquire all of the securities on issue in a Republic of Congo company, Société Lulu De Mine (Lulu), in preparation for the initial public offering of securities in Shenglong. Through Lulu, the company now holds two polymetal exploration permits in the Congo, namely the M'Passa - Moubiri and Mindouli exploration permits, under which rights are granted over a total area covering 372 square kilometres. Shenglong wants to raise $12 million.

8. Sino Australia Oil and Gas

Sino provides oilfield technology services in Enhanced Oil and Gas Recovery, or EOR, for oil and gas exploration companies in China, using its unique patented technology. Its present operations are focused in the Daqing Oilfield in the north of China, which is known as the "oil capital of China", producing more than 10 billion barrels of oil since production started in 1960. Sino wants to raise $20 million.

9. Sunbridge Group

The integrated fashion enterprise designs, sources and sells high-quality business and casual apparel for men, and its products are currently sold in more than 400 retail outlets across the People's Republic of China. It wants to raise up to $10 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 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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