Many companies have gone public in the past few months
But the number of listings has been lower compared to the corresponding period last year
Several companies have registered their initial public offerings on the Australian Stock Exchange (ASX) in the past few months despite stock market volatility, rising interest rates, and geopolitical tensions. However, fewer companies have registered the listing date with the exchange compared with the number for the corresponding period in 2021, as of 30 June 2022. “At this stage, it seems unlikely that the IPO market in 2022 will come anywhere near the amount raised or the number of listings that we saw last year,” said Marcus Ohm, the author of the HLB Mann Judd IPO Watch Australia mid-year report.
Considering this backdrop, let us discuss five ASX listings that are scheduled for the coming weeks of November.
Nightingale Intelligent Systems, Inc (ASX:NGL)
Nightingale Intelligent Systems develops and sells unmanned aerial vehicles for commercial applications.
Toubani Resources (ASX:TRE)
Toubani Resources is an exploration and development company with a focus on developing a gold platform.
Lightning Minerals Ltd (ASX:L1M)
- Lightning Minerals is a battery-minerals-focused exploration company, scheduled to be listed on the Australian Securities Exchange (ASX) on 22 November 2022.
- The company has already raised AU$7 million at an issue price of AU$0.20.
- The company has appointed PAC Partners Securities Pty Ltd as the lead manager for the IPO.
Orpheus Minerals Ltd (ASX:ORP)
Orpheus Minerals explores greenfield uranium deposits in South Australia and the Northern Territory at an economic grade and scale. “The focus is on sandstone/sediment-hosted (paleochannel roll front or structurally controlled) and unconformity (hard rock) uranium deposit types as these are typically higher grade or more simply extracted,” according to the company’s official website.
Richmond Vanadium Technology Ltd (ASX:RVT)
- ASX codes are proposed only. The data has been procured from the ASX IPO website.
- Listing dates are proposed dates for the first quotation of securities set out in the entity's prospectus or information memorandum and are subject to change without notice.
- Listing dates are expected dates for the first quotation of securities set by the ASX after the completion of admission procedures. These could change without any notice.