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Resource companies account for the bulk of expected listings, with a variety of other sectors, including creative media, biosystems and green energy also being represented.
The largest non-resource listing is Automotive Technology Group, with an IPO of $6 million dollars.
The group which was formerly called Australian Automotive Components is an established designer and manufacturer of automotive products, and is best known for its Sprintex supercharger product range, and its Vee Two performance parts for Ducati motorbikes.
Executive director Steve Apedaile said ATG aims to become a leading developer and manufacturer of innovative automotive technologies, and the IPO will be used to fund the global
commercialisation of its products.
Automotive Technology Group has issued shares at 25 cents each, and is aiming to raise $6 million dollars, with the right to accept oversubscriptions of up to an additional $4 million. The company is set to make its market debut on May 28.
Meanwhile, in the resources sector, explorer Carrick Gold is this month set to spin-off wholly owned subsidiary Condor Nickel in order to concentrate exclusively on its gold assets.
Condor Nickel’s exploration will focus on a package of 26 tenements in the Kurnalpi and Gindalbie regions of Western Australia. Of these twenty-six tenements, Condor owns thirteen outright, in which it will explore for nickel ore and other minerals. Condor Nickel’s remaining tenements are licensed for nickel ore exploration and extraction only, with parent company Carrick Gold retaining all other rights.
Condor Nickel’s IPO is set to raise $8 million at an issue price of 20 cents per share. The offer is set to close on May 14, with a proposed ASX listing date of May 23.
Finally, as iron ore prices continue to escalate, one company looking to capitalise on the boom is Eastern Iron Limited. The iron ore explorer is looking to raise up to $5 million to fund the development of its prospects in eastern Australia.
Sydney-based Eastern Iron has acquired an 80 per cent interest in 15 granted tenements that covering over 3,800 square kilometres in central New South Wales.
The company has issued 25 million shares at 20 cents and is set to raise $5 million. It is set to begin trading on the ASX on 21 May.
The largest non-resource listing is Automotive Technology Group, with an IPO of $6 million dollars.
The group which was formerly called Australian Automotive Components is an established designer and manufacturer of automotive products, and is best known for its Sprintex supercharger product range, and its Vee Two performance parts for Ducati motorbikes.
Executive director Steve Apedaile said ATG aims to become a leading developer and manufacturer of innovative automotive technologies, and the IPO will be used to fund the global
commercialisation of its products.
Automotive Technology Group has issued shares at 25 cents each, and is aiming to raise $6 million dollars, with the right to accept oversubscriptions of up to an additional $4 million. The company is set to make its market debut on May 28.
Meanwhile, in the resources sector, explorer Carrick Gold is this month set to spin-off wholly owned subsidiary Condor Nickel in order to concentrate exclusively on its gold assets.
Condor Nickel’s exploration will focus on a package of 26 tenements in the Kurnalpi and Gindalbie regions of Western Australia. Of these twenty-six tenements, Condor owns thirteen outright, in which it will explore for nickel ore and other minerals. Condor Nickel’s remaining tenements are licensed for nickel ore exploration and extraction only, with parent company Carrick Gold retaining all other rights.
Condor Nickel’s IPO is set to raise $8 million at an issue price of 20 cents per share. The offer is set to close on May 14, with a proposed ASX listing date of May 23.
Finally, as iron ore prices continue to escalate, one company looking to capitalise on the boom is Eastern Iron Limited. The iron ore explorer is looking to raise up to $5 million to fund the development of its prospects in eastern Australia.
Sydney-based Eastern Iron has acquired an 80 per cent interest in 15 granted tenements that covering over 3,800 square kilometres in central New South Wales.
The company has issued 25 million shares at 20 cents and is set to raise $5 million. It is set to begin trading on the ASX on 21 May.
