New IPOs - Audeara, Arcadia Minerals and Lithium Energy

Afternoon IPOwatchers!

As mentioned yesterday, here are some big updates to the IPO space for this week.

3 New IPOs have been announced!

First up is Audeara, a hearing health technology company that has developed a hearing profile algorithm used to personalise sound output to the needs of the individual.

Audeara’s technology platform allows customers to enjoy sound personalised for their unique hearing profile, offering a superior sound experience and quality, while promoting the importance of their hearing health.

Audeara is raising $7,000,000 at an issue price of $0.20 per share. The offer opens on the 28th of April and closes on the 5th of May. The shares are expected to list on the 14th of May.

Audeara is raising $7,000,000 at an issue price of $0.20 per share.

Audeara is raising $7,000,000 at an issue price of $0.20 per share.

Next up is Arcadia Minerals, a Guernsey domiciled exploration company created for the purposes of acquiring interests in four exploration projects located in Namibia. Ranked in order of development stage, the projects include:

  • the Swanson Project – prospective for tantalum and lithium;

  • the Kum-Kum Project – prospective for nickel, copper and platinum group elements;

  • the Karibib Project – prospective for copper and gold; and

  • the Bitterwasser Project – prospective for lithium-in-brines and lithium-in-clays.

Arcadia Minerals is raising between $5,900,000 and $6,400,000 at an issue price of $0.20 per share. The offer opened on the 12th of April and closes on the 14th of May. The shares are expected to list on the 28th of May.

Arcadia Minerals is raising between $5,900,000 and $6,400,000 at an issue price of $0.20 per share.

Arcadia Minerals is raising between $5,900,000 and $6,400,000 at an issue price of $0.20 per share.

Lastly is Lithium Energy Limited, an emerging battery minerals company with two exciting exploration and development projects, the Solaroz Lithium Project in Argentina and the Burke Graphite Project in Queensland.

The Company is a spinout company from ASX listed Strike Resources Limited, and holds a 90% interest in the Solaroz Lithium Project (Argentina) and is entitled to acquire a further 23.5% interest in the Burke Graphite Project (Queensland) (to make it a 100% owner) via wholly owned subsidiaries of the Company.

Lithium Energy is raising $9,000,000 at an issue price of $0.20 per share. The offer opened on the 7th of April and closes on the 21st of April. The shares are expected to list on the 24th of May.

Lithium Energy is raising $9,000,000 at an issue price of $0.20 per share

Lithium Energy is raising $9,000,000 at an issue price of $0.20 per share

New IPOs and commencement of listings - Hiremii IPO; Propell Holdings and Iceni Gold Listing

Good Morning IPOWatchers!

As promised, here are some more exciting IPO updates.

Hiremii Group Limited’s IPO is live!

Hiremii is a technology-driven full-service labour hire and recruitment company with two core business offerings, being:

  • a labour hire and recruitment business (Labour Hire Business), operated via its wholly owned subsidiary, Oncontractor Pty Ltd (Oncontractor); and

  • a fixed fee recruitment business (Recruitment Business), operated via its wholly owned subsidiary, Hiremii Recruitment Pty Ltd (Hiremii Recruitment).

The Company is seeking to disrupt the traditional labour hire and recruitment sector by providing a digital technology solution for clients and candidates via its proprietary cloud-based platform (the Hiremii Platform). Both the Labour Hire Business and the Recruitment Business utilise the Hiremii Platform.

Hiremii’s IPO opened on the 6th of April and will close on the 30th of April, with shares expected to be listed on the ASX on the 7th of May. Hiremii is looking to raise $6,000,000 at an offer price of $0.20.

Hiremii is looking to raise $6,000,000 at an offer price of $0.20.

Hiremii is looking to raise $6,000,000 at an offer price of $0.20.

Also commencing listing today are Propell Holdings Limited and Iceni Gold Limited.

Iceni Gold Limited aimed to raise $20,000,000 at an issue price of $0.20 per share, and Propell Holdings Limited aimed to raise $5,000,000 at an issue price of $0.20 per share.

There will be more updates tomorrow so stay tuned!

New IPOs and commencement of listings - Ragnar Metals Limited and MLG Oz Limited IPOs; Delorean Corporation and Island Pharmaceuticals commence listing

Good morning IPOwatchers, it’s a big update for today as a lot of new IPOs land and a couple new companies have their ASX debut!

First up on the new block for new IPOs is Ragnar Metals Limited, a Western Australia based resource explorer with a portfolio of nickel, copper and gold projects held in Sweden. The Company’s Swedish tenements are located in the Bergslagen mining district, to the west of the major city of Uppsala (population 177,000) in central Sweden. The Company’s Swedish Tenements are at an early stage of exploration.

Ragnar Metals are hoping to raise $5,500,000 at an issue price of $0.02 per share. The offer opened on the 7th of April and will close on the 21st of April. The shares are expected to reinstate on the ASX on the 30th of April.

Ragnar Metals are hoping to raise $5,500,000 at an issue price of $0.02 per share

Ragnar Metals are hoping to raise $5,500,000 at an issue price of $0.02 per share

Also new to the IPO scene is MLG Oz, also Western Australia based but with a focus on mining site services rather than mineral exploration.

MLG’s offering includes crusher feed, road maintenance, rehabilitation work, vehicle maintenance, machine and labour hire and mine site haulage. MLG’s site service offering has expanded over time to incorporate further services that are considered non-core but still essential to the day-to-day activity of the mine, and MLG currently operates across 29 sites throughout Western Australia and the Northern Territory.

MLG Oz are hoping to raise $70,700,000 at an issue price of $1.00 per share. The offer opens today and will close on the 22st of April. The shares are expected to commence trading on the ASX on the 4th of May.

MLG Oz are hoping to raise $70,700,000 at an issue price of $1.00 per share.

MLG Oz are hoping to raise $70,700,000 at an issue price of $1.00 per share.

Onto commenced listings!

Two companies have listed this week so far; Delorean Corporation Limited, which listed yesterday and Island Pharmaceuticals Limited which lists today.

Delorean Corporation Limited aimed to raise $14,000,000 at an issue price of $0.20 per share, and Island Pharmaceuticals aimed to raise $7,500,000 at an issue price of $0.25 per share.

Stay tuned for more updates tomorrow and later on in the week IPOwatchers!

Commence Listing - TechGen Metals Limited (TG1)

Good morning IPOWatchers, another company has commenced listing today.

At the commencement of markets today, TechGen Metals Limited will begin listing.

TechGen Metals Limited is a junior explorer with highly prospective gold and copper exploration projects located in Western Australia. The Company aims to use the funds raised through this Prospectus to systematically explore its gold and gold-copper projects located in the Yilgarn Craton (El Donna & Ida Valley Projects), Ashburton Basin (Blue Rock Valley, Station Creek & Mt Boggola Projects) and Paterson Orogen (Harbutt Range & North Nifty).

TechGen Metals aimed to raise between $5,000,000 and $6,000,000 at an issue price of $0.20 per share.

TechGen Metals aimed to raise between $5,000,000 and $6,000,000 at an issue price of $0.20 per share.

TechGen Metals aimed to raise between $5,000,000 and $6,000,000 at an issue price of $0.20 per share.

Commenced Listing - Lynch Group Holdings Limited

Good morning IPOWatchers, hope you had a relaxing Easter break!

At the commencement of markets today, Lynch Group Holdings Limited will begin listing.

Lynch Group Holdings is a vertically integrated wholesaler and grower of flowers and potted plants that was founded in 1915 by the Lynch Family. The business has grown since inception and is now the largest wholesaler of floral and potted plants to Australian supermarkets and is a leading grower and wholesaler of premium flowers to China.

Lynch Group Holdings aimed to raise approx. $206.1m at an issue price of $3.60 per share.

Lynch Group Holdings aimed to raise approx. $206.1m at an issue price of $3.60 per share.

Lynch Group Holdings aimed to raise approx. $206.1m at an issue price of $3.60 per share.

Have a great week IPO fans, and stay tuned for more updates this week!