Each week I like to look at the upcoming IPOs which are happening on the ASX. It gives me a chance to see if there are any future stars being listed and perhaps get in early on that success story.
Every single share that currently trades on the ASX was a newly-listed share at one point, they should not be avoided just because they are new.
Here are the latest shares to be listing according to the ASX:
JYG Australia Ltd (ASX: JYG)
Its proposed listing date is 20 February 2018.
Its principal activities are professional services (accounting, legal and financial) which focuses on Asian inbound capital.
Its website says that JYG's initial subsidiary started operating in 1988. Its corporate advisory firm, TST Capital, specialises in advising Asian corporations and significant investors to undertake investments and/or expand business operations in Australia.
The business is hoping to raise $3,400,000 at $0.20 per share.
Simble Solutions Limited (ASX: SIS)
Its proposed listing date is 22 February 2018.
Its principal activity is 'Software as a Service company focused on business and resource management'.
Its website says that it delivers energy, mobility and business agility software solutions underpinned by the Internet of Things. Essentially, it looks to find 'energy saving opportunities' to 'improve productivity, reduce operational costs and enhance engagement with employees, customers and suppliers.'
The business is hoping to raise $7,500,000 at $0.20 per share.
Foolish takeaway
Both businesses sound interesting and could be worth further exploration. However, for me they sound like they don't yet exhibit the 'economic moat' quality of a business that I usually look for in my shares. But they could both produce excellent returns nonetheless.
