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Investment Solutions

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Investment Solutions

Features

IPO Watch: Rehydration hangover cure' and wellness brand inches closer to the ASX

Rene Anthony

Saturday, December 4, 2021

Saturday, December 4, 2021

As the final round of IPO contenders for this year emerge, it no longer a field dominated by resources explorers, with plenty of other names looking to get in on the action

As the final round of IPO contenders for this year emerge, it no longer a field dominated by resources explorers, with plenty of other names looking to get in on the action

Variety is the key theme resonating across IPO markets this week, with a number of listings coming out of different sectors including tech software, financial services, real estate and resources, among others. 

While Panther Metals' (ASX: PNT) exposure to nickel and cobalt projects is in keeping with the tailwinds supporting battery development, copper explorers like Lavrotto Resources (ASX: LRV) and American West Metals (ASX: AW1) are also in focus as copper prices remain at elevated levels.Software firm Rocketboots (ASX: ROC) comes to the ASX after completing a small-scale raise, but its BeeHive software solution taps into the machine learning and analytics thematics that a growing number of businesses now depend on for optimisation, efficiency and security issues.Meanwhile, The Hydration Pharma Company (ASX: HPC) offers a different angle for investors looking at product-led businesses. The company had no troubles securing support for its hydration product and sometimes-dubbed hangover cure' Hydralyte, which is sold as tablets, powders and liquids. The US division of the company is being floated at a value just shy of $50 million, with $17 million of stock issued at $0.29 per share.

Upcoming IPOs

CompanyFocusIPO sizeExpected debutASX  Australian Bond Exchange (ABE)OTC bond market service $10.4m  Dec 6ASX  Larvotto Resources (LRV)Copper and gold explorer $5m  Dec 6ASX  Newmark Property REIT (NPR)Hardware real estate trust $128.3m   Dec 6ASX  American West Metals (AW1)Zinc, copper and indium explorer $15m  Dec 7ASX  RocketBoots (ROC)Enterprise software firm leveraging machine learning $4.25m  Dec 7ASX  The Hydration Pharma Co (HPC)Marketing and sales of Hydralyte in North America $17m  Dec 9ASX  Panther Metals (PNT)Nickel, cobalt and gold explorer $5m  Dec 10US  Chicago Atlantic Real Estate (REFI)Commercial mortgage REIT for cannabis industry US$106m  Dec 8US Nu Holdings (NU)Digital bank across Latin America US$2.5b  Dec 9USHashiCorp (HCP)Cloud infrastructure and data centre management US$1.1b  Dec 9USAustin Gold (AUST)Gold explorer in Nevada US$15m  TBC

*All dates are subject to change and should be treated as an indicative guide only

Future Listings

Eyeing a listing just before Christmas, non-bank lender Qualitas is in the market to raise funds as part of its IPO efforts. The business is set to raise $335 million in funds for a value of more than $700 million, with the proceeds from the IPO intended to help the firm engage in sale-and-leaseback transactions with other businesses.Also on a fast-tracked route to the ASX is Colombian copper explorer Andean Mining. The micro-cap stock has been valued at $16 million, including an expected $7 million in proceeds from the IPO. Andean Mining has already started initial drilling at its El Dovio project, with funds allocated towards the definition of a maiden resource next year.Mining technology company SensOre has finally unveiled details for its own ASX float, with the business hoping to raise between $7 million and $12.5 million before listing next month. The offer will see shares priced at $0.85 a piece. SensOre provides technology that helps mining clients like BHP and Chalice Mining with their drilling activities by incorporating AI and big data to better understand drilling targets.From the US, electric vehicle spin-off firm Phoenix Motor was the only name to make its IPO intentions clear last week. The company, which designs and manufactures electric drivetrains and vehicle electrification technologies, has filed to raise US$150 million. The business is an offshoot of US-listed micro-cap SPI Energy (NASDAQ: SPI), a renewable energy firm and provider of solar storage and EV solutions.

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