Three IPOs to watch for as 2021 is coming to an end

Highlights

  • An investors’ friendly market or a bull market plays a crucial role in the decision-making process of launching an IPO.
  • The prevailing market sentiments matter a lot in determining the success of an IPO.
  • AB1, ATA and MRI are some of the upcoming IPOs in December 2021.

The year 2021 had been an amazing one for the IPOs (Initial Public Offering). The IPO rush investors have witnessed in 2021 has primarily been on the back of the strong bull market. An investors’ friendly market or a bull market plays a crucial role in the decision-making process of launching an IPO.

ASX IPO

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The prevailing market sentiments matter a lot in determining the success of an IPO, apart from the key fundamental factors of the business, industry’s outlook and valuation of the IPO. As the year is coming to an end, let us have a look at three IPOs that are ready to mark their debut before 2022.

  1. Abarta Resources Limited (ASX:AB1)

Founded in 2016 by Mr. Owen Burchell and Mr. David Potter, Abarta Resources provides boutique services across resources project, including mining and exploration. The company will raise a minimum of AU$5 million and a maximum of AU$6 million via the issues of 25 million shares or 30 million shares, respectively.

The proceeds from the issue would be used towards working capital requirements of the company, implementing growth strategies to further develop the company’s projects and systematically undertaking exploration and evaluation activities to discover mineral resources. The company’ shares are expected to be listed on 23 December 2021.

  1. Atturra Limited (ASX:ATA)

Atturra is one of the country’s leading IT services and consulting firms. The company provides advisory, cloud services, business applications, management control solutions etc. The company has proposed to issue approximately 49.6 million new shares at an offer price of AU$0.5 per share.

It is expecting to raise a total of AU$24.8 million in proceeds (before costs). The offer to apply is open and will close on 8 December 2021. Atturra shares are expected to mark their debut on the Australian bourse on 22 December 2021.

  1. My Rewards International Limited (ASX:MRI)

My Rewards is a provider of rewards and loyalty programs across the globe. The company has steadily grown to 4.6 million members, along with more than 4,500 national and international suppliers. The company uses Artificial Intelligence (AI) technology to provide customised offers and discounts to Members on their purchases.

The company has proposed to raise a minimum of AU$5 million and a maximum of AU$7 million via the issue of 25 million or 35 million shares, respectively. The company has set an offer price of AU$0.2 per share, and MRI shares are expected to list on the ASX on 17 December 2021.  

Read More: Top End IPO: How to invest in the energy stock?

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