2023 is shaping up to be a promising year for the Australian Securities Exchange (ASX) with several companies planning to go public. As an investor, keeping a close eye on upcoming floats can help you make informed decisions and potentially capitalize on profitable opportunities.
What are ASX Upcoming Floats?
ASX upcoming floats refer to companies planning to list on the ASX for the first time. This process is also known as an Initial Public Offering (IPO). The companies will issue shares to the public, and investors can buy and sell these shares on the ASX.
Why Invest in Upcoming Floats?
Investing in upcoming floats can be an excellent way to diversify your portfolio and potentially earn high returns. Newly listed companies often experience a surge in share prices shortly after their IPO, making them an attractive option for savvy investors.
Top ASX Upcoming Floats in 2023
1. Vocus Communications
Vocus Communications is a leading telecommunications provider that offers a range of services, including internet, mobile, and data center solutions. The company plans to list on the ASX in early 2023 and is expected to raise over $500 million.
2. Tyro Payments
Tyro Payments is an Australian fintech company that provides payment solutions to small and medium-sized businesses. The company plans to raise $300 million in its ASX debut in 2023.
3. Zip Co
Zip Co is a buy now, pay later provider that has grown rapidly in recent years. The company plans to list on the ASX in 2023 and is expected to raise over $200 million.
4. Marley Spoon
Marley Spoon is a meal kit delivery company that has seen significant growth in recent years. The company plans to list on the ASX in 2023 and is expected to raise $100 million.
Tips for Investing in Upcoming Floats
Investing in upcoming floats can be risky, but there are a few tips that can help you make informed decisions:
- Research the company thoroughly: Look at the company’s financials, management team, and competitive landscape before investing.
- Consider the valuation: Make sure the company’s valuation is reasonable and in line with industry standards.
- Be prepared for volatility: Newly listed companies can experience significant price fluctuations in the early days of trading, so be prepared for some volatility.
- Diversify your portfolio: Don’t put all your eggs in one basket. Diversify your portfolio with a mix of established companies and upcoming floats.
ASX upcoming floats can offer exciting investment opportunities for those willing to take on some risk. By doing your research and following the tips outlined above, you can potentially capitalize on profitable opportunities and diversify your portfolio in 2023.