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 market 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.
If you want to learn more about a share below, I suggest you dig into the prospectus.
Here are how the latest ASX Ltd (ASX: ASX) shares fared:
HeraMED Limited (ASX: HMD)
HeraMED's principal activity is the development, manufacture and distribution of fetal heart beat monitors and other pregnancy-related solutions.
It is developing connected pregnancy monitoring solutions for home use with continuous monitoring, which will hopefully lead to even better outcomes for mothers and babies.
It was looking to raise $6 million at $0.20 per share and then list on 4 December 2018. It was successful at raising $6 million, but it's not going to start trading until 1PM on 12 December 2018 – which is tomorrow.
Jobstore Group Ltd (ASX: JOB)
Jobstore's principal activity is providing recruitment and human capital management platforms.
It helps employers & recruiters to post jobs on multiple job sites, classified ads and social network sites with just one submission. It says it offers jobs in 10 countries and more than 30 cities.
It was looking to raise $8 million at $0.20 per share and then list on 5 December 2018. It didn't make it onto the ASX boards and there isn't a new expected listing date.
Revasum Inc (ASX: RVS)
Revasum's principal activity is designing, manufacturing and marketing a portfolio of semiconductor processing equipment.
It makes the equipment that is used to make microelectronics. Examples include the sensors, LEDs, RF devices and power devices consumed by the Internet of Things, iPhones, fitbits, automotive, 5G and industrial applications.
It was looking to raise $30.7 million at $2 per share and list on 4 December 2018. It finished yesterday at $1.90, so it's down by 5% since listing, but the market is also down so that may explain some of the drop.
Tymlez Group Limited (ASX: TYM)
Tymlez's principal activity is software development providing businesses with a scalable blockchain solution platform.
The company wants to help companies utilize emerging Blockchain technologies to create applications that will not only support new digital business models, but also integrate existing IT software.
It was looking to raise $8 million at $0.22 per share and list on 7 December 2018. It didn't make it onto the ASX boards and there is no new listing date for the software business.
Foolish takeaway
The only one that made it onto the ASX on schedule was the one I thought was worth watching – Revasum. It has some large backers and could be one for the watchlist, for now it's a bit too early for me to invest.
