Interested in upcoming IPOs? These ASX shares will make their debut in June

IPO written in circles with a man holding a smartphone and a laptop open.IPO written in circles with a man holding a smartphone and a laptop open.

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.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

See The 5 Stocks
*Returns as of January 12th 2022

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/Rqi9Yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s