Your guide to upcoming floats

min read

A selection of companies that are raising capital and have applied for official admission to ASX, as well as 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 July 6, 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.Bitcoin Group Limited
Bitcoin Group is an Australian based pure-play Bitcoin mining operator, currently producing approximately 1.45 per cent of the global mining output, by operating 5.3 petahashes of mining hardware in seven mining sites across China, Iceland and Australia. Capital to be raised: $20 million.

2. Contango Income Generator Limited
The listed investment company’s objective is to deliver a sustainable income stream and modest capital growth to its shareholders over time.  Contango Income Generator will focus its investments on high yielding ASX-listed securities that are outside of the largest 30 securities in the S&P ASX300 Index. Capital to be raised: $30-100 million.

3. Dongfang Modern Agriculture Holding Group Limited
Dongfang, a hi-tech Chinese agricultural company, is mainly engaged in: oil-tea camellia, pomelo, citrus, navel oranges, tea tree, nursery-grown plants, flowers and plants cultivating, and products sale. Capital to be raised: $50 million.

4. Glennon Small Companies Limited
Glennon, an ASX-listed investment company, will invest predominately in listed companies outside the S&P/ASX 100 index. The portfolio manager (Glennon Capital Pty Limited) is a specialist small company investment manager that has been managing Australian equities for institutional and high-net-worth investors since 2008. Capital to be raised: $16-50 million.

5. iBosses Corporation Limited
iBosses’ vision is to be the leading provider of entrepreneurship training and development. iBosses has expanded to include multiple centres in Singapore, Hong Kong and Malaysia.  Capital to be raised: $5 million.

6. MyFiziq Limited
MyFiziq is involved in the development and marketing of a mobile application for use in the fitness industry. Capital to be raised: $6 million.

7. Paradigm Biopharmaceuticals Limited
Paradigm is an Australian biopharmaceutical company focused on re-purposing the drug pentosan polysulphate sodium for the treatment of bone marrow edema, a cause of pain in bones. Capital to be raised: $8 million.

8. Timah Resources Limited
Timah Resources is currently changing its business focus from tin and tungsten exploration to renewable energy generation through the acquisition of Mistral Engineering Sdn Bhd. Capital to be raised: $3 million.

9. Traditional Therapy Clinics Limited
Traditional Therapy Clinics Limited is a franchisor and the owner of one of the largest chains of traditional therapeutic health and wellness clinics in China (299 franchise licences granted and 11 owned clinics in operation, as at 30 April 2015). Capital to be raised: $15 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.

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