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:
Awati Resources Limited (ASX: AWA)
Its proposed listing date is 25 April 2018.
Its principal activity is mineral exploration and development.
Awati's website says that it's a gold exploration company with nine prospective exploration licences and one exploration licence application. It has a 100% ownership of the Tibooburra Project in far North-western NSW, Australia, the area is known for alluvial gold according to Awati.
Awati is hoping to raise $4.5 million at $0.20 per share.
ClearVue Technologies Limited (ASX: CPV)
Its proposed listing date is 25 April 2018.
Its principal activity is electrical components and equipment.
ClearVue's website says that its technology allows visible light to pass through a pane of glass, while the invisible wavelengths of light are deflected to the edges of the glass where they are converted into electricity. It gives the example of turning a glass skyscraper into a massive solar panel.
ClearVue is looking to raise $6 million at $0.20 per share.
L1 Long Short Fund Limited (ASX: LSF)
Its proposed listing date is 24 April 2018.
It's a listing investment company (LIC), so its principal activity is investing.
There seems to be a lot of market excitement surrounding this launch. The manager boasts of having an average return after all fees of 36.87% per annum since its inception in September 2014 of its other fund, the L1 Capital Long Short Fund. It will invest in Australia and overseas.
L1 was looking to raise $500 million to $600 million at $2 per share, but it could raise up to $1.35 billion.
Smiles Inclusive Limited (ASX: SIL)
Its proposed listing date is 27 April 2018
Its principal activity is 'roll-up of dental practices'.
I find it refreshing for a company to be so honest and to-the-point about what its strategy will be. The roll-up strategy has worked well for other dental practice businesses on the ASX and Smiles Inclusive will be following this same path.
Smiles Inclusive was hoping to raise $35 million at $1 per share.
Its proposed listing date is 26 April 2018.
Its principal activity is being a technology company.
With that vague description, its website is much clearer. It's a telecommunications company that uses Voice over Internet Protocol technology. It says its game changing technology is unique.
Vonex was hoping to raise $7 million at $0.20 per share.
Foolish takeaway
Quite a few businesses are listing this week. All eyes will be on the L1 fund, although most of them sound promising. Turning a skyscraper into solar power sounds exciting in this era of a drive for renewable energy, a dental roll-up strategy could work and other VoIP businesses have proven to be popular. I'll be keeping my eyes on several of these shares over the coming months.
