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- Around nine IPOs would get listed on the ASX between 10 June and 20 June.
- Public offerings are of companies belonging to sectors such as resources, technology, etc.
- 2021 saw record IPO listings.
The month of June 2022 is seeing increased activity in terms of initial public offering (IPO)-listing. While a few have already been listed (till 10 June 2022), there are nearly nine stocks which are set to make their debut on the Australian Stock Exchange (ASX) in the remaining month. The scheduled IPOs are of companies belonging to sectors such as resources, technology, etc.
Previous year saw record IPO listings, with over 240 stocks making their ASX debut. The year 2022 may see more than 30 firms getting listed on the exchange.
However, these listing dates are speculative, and investors should contact companies directly for further clarity.
On this note, let’s discuss the three companies which are set to list their IPOs in June 2022:
Synergen Met Ltd (ASX:SH2)
Listing day – 14 June 2022
IPO (capital to be raised) - AU$25 million at AU$0.20
Underwriter - Not underwritten. Lodge Corporate Pty Ltd (Lead Manager)
Synergen Met Ltd is mainly into the development and production of its thermal plasma technology platform and the commercial development of applications to create sustainable solutions to environmental challenges.
The main applications include modular hydrogen production and Per- and Poly-Fluoroalkyl Substances (PFAS) water treatment and effective destruction of multiple waste sources for clean energy conversion.
Leo Lithium Ltd (ASX:LLL)
Listing day – 23 June 2022
IPO (capital to be raised) - AU$100 million at AU$0.70
Underwriter - Not underwritten. Macquarie Capital (Australia) Ltd, Canaccord Genuity (Australia) Ltd and Euroz Hartleys Ltd (Joint Lead Managers).
Leo Lithium was established in 2021 as a spin out of Firefinch’s Goulamina Lithium Project in Mali.
Leo Lithium is one of the leaders in the lithium landscape. Leo Lithium’s next large-scale global lithium hard rock project – Goulamina – is set to enter the production stage soon.
Coolabah Metals Ltd (ASX:CBH)
Listing day – 22 June 2022
IPO (capital to be raised) - AU$6 million at AU$0.20
Underwriter - Not underwritten. CPS Capital Group Pty Ltd and Barclay Pearce Capital Pty Ltd (Joint Lead Managers)
Coolabah Metals is a mineral explorer with two projects in the Lachlan Fold Belt (NSW) and one in Mount Isa (QLD).
While the Lachlan Fold Belt is a major mining province which produces gold, copper, lead, zinc, silver and tin, the Mount Isa region has one of the largest accumulations of lead, zinc, and silver.
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