Your guide to upcoming floats

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Your guide to forthcoming floats.

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 August 30, 2016. 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. Antipodes Global Investment Company Limited
The listed investment company is a value manager of global and Asian equities. Capital to be raised: up to $330 million.

2. Broo Limited
An Australian-owned brewer and manufacturer of premium Australian lager. Capital to be raised: $10.5-15 million.

3. Creso Pharma Limited
Creso is developing, registering and commercialising pharmaceutical-grade cannabis hemp-based products for use across a broad spectrum of consumer, industry and research applications. Capital to be raised: $5 million.

4. Duxton Water Limited
Duxton Water invests in Australian Water Entitlements (also known as water licenses or water rights) – perpetual rights to Australia’s limited water supply – a key production input into a number of agricultural industries. Capital to be raised: up to $149.6 million.

5. Egan Street Resources Limited
Egan Street’s primary asset is the Rothsay Gold Project, located approximately 300 kilometres north-north east of Perth, in the Southern Murchison region of Western Australia. Capital to be raised: $6 million.

6. Macquarie Gold Limited
Macquarie Gold is an emerging gold producer in New South Wales. Macquarie owns the Adelong Gold Project containing a gold resource estimate defined in accordance with the JORC Code. Capital to be raised: $3.6 million.

7. Powerhouse Ventures Limited
Powerhouse is involved in the formation and support of, and investment in, companies that seek to commercialise technologies across four sectors: environmental and agritech, engineering and cleantech, healthcare and medical devices and information and communication technologies. Capital to be raised: up to $20 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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