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Highlights
Seven IPOs are scheduled to be listed this week.
These public offerings belong to the companies which deal in silica, cobalt, and gold exploration.
In 2021, more than 240 companies launched their IPOs.
There are seven initial public offerings (IPOs) scheduled to be listed on the ASX this week. These public offerings belong to the companies which deal in silica, cobalt, and gold exploration. However, investors must know that these listing dates are indicative, and investors should directly contact the company for complete clarity.
Meanwhile, in 2021, more than 240 companies launched their IPOs, making it a record year for public listings.
Let’s look at five of seven IPOs which are scheduled to be listed on the ASX this week.
Monday
Solstice Minerals Ltd (ASX:SLS)
Solstice Minerals demerged from OreCorp Ltd in April 2022.These WA assets comprise four projects: Yarri, Kalgoorlie, Yundamindra and Ponton. The assets are prospective for gold and nickel.
Solstice Minerals was listed on the Australian Securities Exchange (ASX) on 2 May 2022 at 11 AM (AEST).
The company raised AU$5 million at 20 cents per share. The company plans to identify additional regional greenfield targets with the proceeds. The proceeds would be used by the company to carry out its activities including drill coverage.
Tuesday
Equity Story Group (ASX:EQS)
Equity Story Group is into the business of providing stock market trading advice, research, and investor education services. The company reported a revenue of over AU$1.3 million in FY21.
Equity Story is scheduled to be listed on the Australian Stock Exchange (ASX) on 3 May at 11 AM (AEST).
The company has raised AU$4.5 million at 20 cents per share.
Sierra Nevada Gold Inc (ASX:SNX)
Gold explorer Sierra Nevada Gold operates five gold projects in Nevada, which is the fourth largest mineral producing region globally. Nevada is the largest gold producing state in US.
Sierra Nevada Gold is scheduled to be listed on the Australian Stock Exchange (ASX) on 3 May at 11:30 AM (AEST).
The company has raised AU$10 million at 50 cents per share. According to the company’s prospectus, Sierra has plans for an aggressive drilling program upon listing.
Wednesday
Koba Resources Ltd (ASX:KOB)
Koba Resources was incorporated by New World Resources in May 2021 for the purpose of demerging New World's portfolio of cobalt assets into a new standalone ASX-listed entity.
Koba Resources is scheduled to be listed on the Australian Stock Exchange (ASX) on 4 May at 11 AM (AEST).
The company raised AU$8 million at 20 cents per share.
Thursday
No IPO is scheduled to be listed on the day.
Friday
Chrysos Corporation Ltd
Chrysos Corporation Is a gold mining analytics company, which combines science and software to create technology solutions for the global mining industry.
Chrysos Corporation is scheduled to be listed on the Australian Stock Exchange (ASX) on 6 May at 11:30 AM (AEST).
The company has raised AU$183.5 million at 6.50 cents per share.
Note: -
- ASX codes are proposed only and may change.
- Listing dates are proposed dates and could change.
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