IPO alert: Three stocks making ASX debut in November

Be the First to Comment Read

IPO alert: Three stocks making ASX debut in November

 IPO alert: Three stocks making ASX debut in November
Image source: eamesBot, Shutterstock.com

Highlights

  • On 8 November, SiteMinder (ASX:SDR) made its debut on the Australian bourse with a market capitalisation of AU$1.36 billion.
  • Biome Australia is a healthcare company, which is issuing 40 million fully paid ordinary shares at an offer price of AU$0.2 per share.
  • Evolution Energy Minerals plans to raise a total of AU$10.5 million (before cost) via the issue of 110 million ordinary shares.

The IPO season is going strong with a host of IPOs lined up before the end of the year. On 8 November, SiteMinder Limited (ASX:SDR) made its debut on the Australian bourse with a market capitalisation of AU$1.36 billion.

IPO

Image Source: OneSideProFoto, Shutterstock.com

The hot IPO market is bracing for further listings, expected to cheer investors with their high anticipated gains. Let us have a look at three upcoming floats on the ASX, ready to get listed in November 2021.

  1. Biome Australia Limited

Biome Australia is a healthcare company, which intends to raise a total of AU$8 million via IPO.  The firm is issuing 40 million fully paid ordinary shares at an offer price of AU$0.2 per share. The closing date of the offer is 17 November 2021 and the shares are expected to begin trading on 30 November 2021.

Committed to becoming a leading complementary medicine company, the company has established a market position with niche in probiotics, food-based vitamins and weight management products.

  1. Cooper Metals Limited

Cooper Metals is a mineral exploration company focused on gold and copper discovery. The company is working on three highly prospective projects – Mt Isa East Cu-Au Project, Yarmana Gold Project and the Gooroo Cu and Au Project.

The company plans to raise AU$4.5-AU$4.8 million via the issue of 24 million shares at an issue price of AU$0.2 per share. The offer is not underwritten and has closed on 19 October 2021. The shares are expected to begin trading on 19 November 2021.

  1. Evolution Energy Minerals Limited  

Evolution Energy Minerals plans to raise a total of AU$10.5 million (before cost) via the issue of 110 million ordinary shares at an issue price AU$0.2 per share. On the completion of the offer, the company’s indicative market capitalisation would stand around AU$32.3 million. The expected date for the quotation on the ASX is 16 November 2021.

The company’s Chilalo Project is a high-grade, coarse flake graphite project having an excellent product quality. It has a highly credible and experienced team to progress exploration and accelerate the project’s development. Subject to raising the minimum subscription, the company will have sufficient funds to implement its ‘graphite strategy’.

Bottom Line

With the market making new highs since the onset of COVID-19, the primary market has been inundated with new IPOs to capitalise on the bullish sentiments of market participants. The above-mentioned list is just a few of tens of IPOs that are making their debut in November 2021.

Investors also need to be cautious regarding investing in the newly listed companies and must consult their financial advisors before taking a plunge in IPOs.

Read More: Rivian IPO: Things you should know about this EV maker’s listing plan

Disclaimer

Speak your Mind

Featured Articles

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK