Opening this Week
Mayur Resources (ASX: MRL) is a Papua New Guinean focused, diversified mineral company currently raising funds to progress the feasibility study of their Orkolo Bay Industrial Sands Project. The company has an experienced management team with Rob Neale and Paul Mulder fulfilling the role of Chairman and Managing Director respectively.
Stirfire (ASX: SFS) are a virtual reality and video game development studio, with several successful game titles already under the belts of key management and staff. Funds will be used to complete current productions, expand the development team and market new game concepts.
VGI Partners (ASX: VGI) are the latest Listed Investment Company (LIC) to float on the ASX. The fund will employ an active long and short strategy across a range of domestic and international equities, with a focus on capital preservation.
Closing this Week
Estimated Close date: July 31, 2017 (unless extended)
Estimated Close Date: July 31, 2017 (unless extended)
New On the Radar
Netwealth are reportedly going about a roadshow in anticipation of a $150m – $200m IPO later this year. The company is an online wealth management platform with some 2000 advisors currently using the service to manage clients funds and records.
Propel Funeral Partners
Propel are Australia’s second largest provider of death related care services. Currently also reportedly roadshowing pre IPO, funerals as a business remain relatively unconsolidated in Australia so funds will be earmarked for acquisitions under an aggregation strategy.
Rivalea Pork are one of Australia’s largest pork producers, which is a growing domestic industry despite some volatility with prices falling 20% over the past 12 months. The prospective IPO being advised by Morgan’s is likely to take place later this year, and will be priced on pre-tax annual profits of $35m.