The ASX says there are 11 upcoming IPOs in June, mostly made of metals and mining companies.
In 2021, capital raised from IPOs in Australia more than doubled in comparison to 2020, data from Herbert Smith Freehills found.
“However, the increase in capital raised in 2021 is mainly a result of the higher number of IPOs,” the HFS team found.
There have been 24 new floats on the ASX over the last 2 months says Listcorp, an average of 12 per month.
ASX June listings
According to ASX listing data, these are the companies set to float in June:
| Company/ticker | Listing date | Issue | Cap raise |
| Cavalier Resources Limited (CVR) | 10 June | 20 cents | $7 million |
| Chalkos Metals Limited (CKM) | 30 June | 20 cents | $8 million |
| Coolabah Metals Limited (CBH) | 22 June | 20 cents | $6 million |
| Kingsland Minerals Ltd (KNG) | 14 June | 20 cents | $5.5 million |
| Leo Lithium Limited (LLL) | 23 June | 70 cents | $100 million |
| MetalsGrove Mining Ltd (MGA) | 27 June | 20 cents | $7 million |
| OD6 Metals Limited (OD6) | 22 June | 20 cents | $8 million |
| Sarytogan Graphite Limited (SGA) | 30 June | 20 cents | $8.5 million |
| Southern Palladium Limited (SPD) | 8 June | 50 cents | $19 million |
| Synergen Met Limited (SH2) | 30 June | 20 cents | $25 million |
| Uvre Ltd (ASX: UVA) [Completed] | 7 June | 20 cents | $6 million |
A total of $191 million will be raised from this equity round in June with Leo Lithium at the upper limit seeking to raise $100 million.
For further information on each upcoming float, contact the respective company or the company’s share registry.
In broad market news, the S&P/ASX 200 Index (ASX: XJO) has continued its struggles on Tuesday morning, currently trading close to 5% in the red.
The post Interested in upcoming IPOs? These ASX shares will make their debut in June appeared first on The Motley Fool Australia.
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