Upcoming listings

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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 April 5, 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. Big River Industries Limited

Big River is one of New South Wales’ largest private timber manufacturing and marketing businesses, with a diverse operation servicing all Australian states and many international projects. Capital to be raised: $17 million.

2. Morphic Ethical Equities Fund Limited

A listed investment company that focuses on ethical investments. Morphic will give 2.5 per cent of its fees from managing the fund to Bush Heritage, a charity that focuses on Australian species preservation through land conservation. Capital to be raised: $275 million.

3. Retech Technology Co., Limited

The company provides technology solutions to, and builds e-learning platforms and e-courseware for, large companies and training providers, enabling them to deliver their offline training content online. Capital to be raised: $22.5 million.

4. Scout Security Limited

A manufacturer and distributor of innovative home-security hardware and security monitoring technology. Capital to be raised: $5 million.

5. The Hydroponics Company Limited

The company manufactures and distributes hydroponic equipment, develops and delivers medical cannabis and designs and constructs hydroponic greenhouses. Capital to be raised: $8 million.

About the author

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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