Find any Australian or New Zealand company or fund (dead or alive) by using SEARCH above or go directly to the site:
|Last 20 companies that have listed on ASX and NSX|
|COMPANY||CODE||DATE OF LISTING|
|QEM LIMITED||QEM||19 Oct 18|
|IDENTITII LIMITED||ID8||17 Oct 18|
|SECURITY MATTERS LIMITED||SMX||15 Oct 18|
|TRIBECA GLOBAL NATURAL RESOURCES LIMITED||TGF||12 Oct 18|
|EURO MANGANESE INC||EMN||02 Oct 18|
|STEALTH GLOBAL HOLDINGS LTD||SGI||02 Oct 18|
|PROGRESS 2018-1 TRUST||POV||01 Oct 18|
|SERIES 2018-1 REDS TRUST||RFE||01 Oct 18|
|NB GLOBAL CORPORATE INCOME TRUST||NBI||26 Sep 18|
|BETASHARES ASIA TECHNOLOGY TIGERS ETF||ASI||21 Sep 18|
|ALTHEA GROUP HOLDINGS LIMITED||AGH||21 Sep 18|
|ARCHTIS LIMITED||AR9||21 Sep 18|
|VINTAGE ENERGY LTD||VEN||17 Sep 18|
|BETASHARES GLOBAL ROBOTICS AND ARTIFICIAL INTELLIGENCE ETF||RBT||14 Sep 18|
|ALDORO RESOURCES LIMITED||ARN||13 Sep 18|
|VANGUARD ETHICALLY CONSCIOUS INTERNATIONAL SHARES INDEX ETF||VES||13 Sep 18|
|VANGUARD ETHICALLY CONSCIOUS GLB AGG BOND INDEX (HEDGED) ETF||VEF||13 Sep 18|
|1414 DEGREES LIMITED||14D||12 Sep 18|
|HEALTHIA LIMITED||HLA||11 Sep 18|
|ETFS BATTERY TECH & LITHIUM ETF||ACD||03 Sep 18|
A company floats when it lists on the stock exchange and sells its shares to the public by way of a prospectus.
What is a prospectus?
Listing or “going public” means the company has to comply with the stock exchange’s listing rules when it floats and issue a prospectus. The prospectus is an invitation to the public to buy shares in the company and thus raise money for working capital or acquisitions. It explains in some detail what the company intends to do with the money it raises.
Floating a company on a stock exchange is costly and complex and many companies avoid it to some extent by merging with an existing entity that has failed. They thus gain “back door entry” to the exchange.
Should I invest in a new float?
Not so long ago a specialist website service monitored new company floats over a number of years and concluded investors would be better off avoiding new floats. We agree unless you are an experienced investor. Pacific Brands, Boart Longyear and Repco are examples of companies that were leveraged up and listed at high multiples, before subsequently collapsing.
The “average” investor should be wary of investing in start up and small companies. Stock exchanges serve as a nursery for small companies, some of which prosper and grow, while many others fall by the wayside. If you are contemplating investing in a new company, we recommend you research it thoroughly first and obtain investment advice from a broker.
Downloading details of floats?
We have been following the outcomes of floats on ASX since 2003. Details are available in Excel files to members and prepaid members. These files provide the following data for each company:
Float day opening price
Float day closing price
Date of first name change
Events subsequent to float (to 2014)
Status early January 2017
Current ASX Code
(Note: all files are for the calendar year and were last updated 27 January 2017)
Please click on the appropriate link below: