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:
Galileo Mining Limited (ASX: GAL)
Its proposed listing date is this Friday, 11 May 2018.
Its principal activity is the exploration of mineral resources.
Galileo Mining says that it is exploring for cobalt and nickel resources in Western Australia. Both resources have done quite well in recent years and the vast Western Australia region is known for its abundant resource locations.
The company is hoping to raise $15 million at $0.20 per share.
Star Combo Pharma Limited (ASX: S66)
Its proposed listing date is also Friday, 11 May 2018.
Its principal activity is the manufacturing of dietary supplement products.
Star Combo describes itself as a leading distributor and manufacturer of premium health and natural beauty products. Based in Sydney, the company says it distributes products to both Australian and overseas markets. The company says that it has been achieving double digit growth since its establishment in 2004.
It's hoping to raise $7 million at $0.20 per share.
Foolish takeaway
I wish both companies all the best, but I'm not interested in investing in either of them. Explorative resource companies aren't my type of investment and I'd want to see some reported results from Star Combo before considering an investment.
