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:
Eden Health Industry Holdings Limited (ASX: ETK)
Its proposed listing date is 20 March 2018.
Its principal activities relate to agriculture.
Its prospectus says that the company is based in China and the main focus is the cultivation and sale of kiwifruits and related products. The services include discovery, development, manufacturing and sales of kiwifruit-related deep-processing products, including kiwifruit wine and kiwifruit tablets.
When the offer is complete the company will also acquire two Australian companies to gain access to Australian-made products which have a good reputation in China. In the long-term the company will look for further kiwifruit opportunities.
Eden Health is hoping to raise $20,000,000 at $0.25 per share.
Its proposed listing date is 23 March 2018.
Its principal activities relate to mining exploration.
Its website says that it is hunting high-grade gold discoveries in West Africa. It will use modern exploration methods and experienced people to follow-up on previously-identified locations by artisanal workings or previous explorers.
Mako Gold is hoping to raise $6,000,000 at $0.20 per share.
Foolish takeaway
I am always a bit more cautious about businesses that will be operating overseas compared to if they were operating in Australia. The speculative resources industry isn't my area of expertise, so I won't be following Mako.
Eden Health could be interesting if it develops into a leading kiwifruit company – I'm always willing to expand my portfolio to include other food types. Chinese companies don't have the best reputation on the ASX, so hopefully Eden Health turns out to be a good one.
