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:
Copper Mountain Mining Corporation (ASX: C6C)
This business actually listed on Friday last week, but I thought I'd write about it so it isn't missed.
Its principal activities relate to the production and exploration of minerals, if you couldn't guess by the name.
Copper Mountain is a decently-sized mining company that is already listed in Canada, its main mine is in southern British Columbia called Copper Mountain. The company recently got approval from the Australian Federal Court to acquire all the shares of Altona Mining Limited.
Copper Mountain has been admitted to the ASX boards with CHESS Depository Instruments (CDIs), meaning ASX investors can buy a piece of the Canadian company through the ASX if they want to.
Universal Biosecurity Limited (ASX: UBL)
Its proposed listing date is 10 April 2018.
Its principal activity is to commercialise its intellectual property rights to an apparatus that vaporises liquid fumigants for use in the fumigation industry.
The company believes that its product can be used with traditional liquid fumigants to deliver a traditional fumigation solution as well as with ethyl formate to deliver an environmentally friendly fumigation solution.
Universal Biosecurity is hoping to raise $5,000,000 at $0.20 each.
Foolish takeaway
Both companies sound interesting. I prefer copper to most other materials because it is growing in usage with technological items, but I generally don't invest in resource companies. Universal Biosecurity sounds like it could be good, but I know nothing of the industry, so I don't have an opinion on whether it is a good opportunity or not.
