The first week of a company being on the ASX boards can be very telling. The market doesn't get any new information until the next quarterly or half-year result, so we can get a sense of the sentiment from how the share does in its first week.
Of course, how the market treats a share doesn't ultimately mean anything. But, it can be interesting nonetheless.
Here are how the latest ASX shares fared:
Accelerate Resources Limited (ASX: AX8)
The company initially listed at $0.20 per share and it finished the day trading yesterday at $0.205, meaning that it has gained 2.5% since it listed. However, the share price also spent some time at $0.185 during last week, so this share price could be volatile.
The company's type of business is mineral exploration, so it is in the 'very speculative' bucket, meaning I think most investors should probably avoid this one, unless speculative resource companies are your thing.
For shareholders' sake, I hope this one turns into a decent little resource company, but it's not for me.
Trimantium GrowthOps Limited (ASX: TGO)
Trimantium GrowthOps was meant to list on 12 February 2017, but sadly it didn't. It sounds like it has a decent business model, with it working with other companies to create new products and services to help them grow.
It may not have a strong 'economic moat', but it's entirely possible that that business can grow decently to beat the market.
If it comes onto the ASX I wouldn't be a buyer for a while because I think it's too early to invest. If Trimantium GrowthOps can show it has a market-leading offer for clients then that might change my mind.
Foolish takeaway
I wish both of the above businesses well but they're not for me. In the last few weeks I have only found ReadCloud Limited (ASX: RCL) to be interesting enough to really want to follow its journey.
