Your guide to upcoming floats


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

Here is a snapshot of entities that had applied for admission to the official list of ASX, as at April 9, 2015. 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. 360 Capital Total Return Fund

An investor in opportunistic real-estate based investments across a broad range of asset categories. Capital to be raised: $40 million.

2. ALT Resources Limited

ALT Resources is an Australian based mineral exploration company incorporated in April 2014 to acquire up to a 70 per cent interest in tenements held by GFM Exploration (GFM). GFM is the registered holder of three tenements in the south-east Lachlan Orogen in New South Wales. Capital to be raised: $4 million.

3. Eclipx Group Limited

Eclipx Group is an established leader in vehicle fleet leasing, fleet management and diversified financial services in Australia and New Zealand. The group helps consumers and businesses of all sizes access the funds they need to operate through fleet leasing, novated leasing, vehicle sales, commercial equipment finance and consumer motor vehicle finance solutions. Capital to be raised: $253.2 million.

4. John Bridgeman Limited

John Bridgeman aims to build a diversified investment management business, growing funds under management over the medium and long term. It intends to invest in unlisted and Listed Investment Companies. Capital to be raised: $3.2 million.

5. MYOB Group Limited

A provider of desktop and cloud business management software solutions to businesses and accounting practices in Australia and New Zealand. Capital to be raised: $831.7 million to $833.8 million.

6. Wealth Defender Equities Limited

Wealth Defender is an ASX listed investment company investing predominately in ASX-listed entities in addition to derivatives and cash. The company's investment portfolio is managed by Perennial Value Management Limited. Capital to be raised: $160 million.

7. XPD Soccer Gear Group Limited

XPD Group is a fast-growing sportswear business operating in China. XPD Group has been focused on growing its line of soccer gear within its sportswear products and has achieved a leading market position in soccer footwear. XPD Group operates a vertically integrated business model where it designs, develops, manufactures, markets and distributes sportswear products under its XPD brand in China. Capital to be raised: $15 million.

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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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