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|
|CARBON REVOLUTION LIMITED||CBR||29 Nov 19|
|BETASHARES SUSTAINABILITY LEADERS DVRSFD BOND ETF - CUR HDG||GBN||28 Nov 19|
|KKR CREDIT INCOME FUND||KKC||21 Nov 19|
|VGI PARTNERS ASIAN INVESTMENTS LIMITED||VG8||13 Nov 19|
|MORNINGSTAR INTERNATIONAL SHARES ACTIVE ETF (MANAGED FUND)||MST||12 Nov 19|
|SELFWEALTH SMSF LEADERS ETF||SEL||12 Nov 19|
|PRIMEWEST||PWG||08 Nov 19|
|CRONOS AUSTRALIA LIMITED||CAU||07 Nov 19|
|360 CAPITAL DIGITAL INFRASTRUCTURE FUND||TDI||31 Oct 19|
|VANECK VECTORS AUS SUBORDINATED DEBT ETF||SUB||30 Oct 19|
|TRITON TRUST NO. 8 IN RESPECT OF THE BOND SERIES 2019-2||TT1||22 Oct 19|
|INTEGA GROUP LIMITED||ITG||22 Oct 19|
|DAMSTRA HOLDINGS LIMITED||DTC||16 Oct 19|
|LLOYDS BANK PLC||LLP||15 Oct 19|
|HOME CONSORTIUM||HMC||14 Oct 19|
|MAGELLAN HIGH CONVICTION TRUST||MHH||11 Oct 19|
|TRIGG MINING LTD.||TMG||03 Oct 19|
|PEPPER SPARKZ TRUST NO.1||PUS||03 Oct 19|
|MADER GROUP LIMITED||MAD||01 Oct 19|
|TSV MONTNEY LTD||27 Sep 19|
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 4 January 2019)
Please click on the appropriate link below: