IPO corner: 5 ASX listings scheduled for November - Kalkine Media

November 05, 2022 07:00 AM AEDT | By Ashish
Follow us on Google News:

Highlights

  • 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.

Company’s operations

 

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)

 

Note:

  • 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.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.



Top ASX Listed Companies

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