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ASX Tech IPOs for Investors to Watch in 2022
Mar. 21, 2022 09:55AM PST
What are some upcoming ASX tech IPOs investors should look out for?
A lot has happened these past two years, with more companies making initial public offerings (IPOs) on the Australian Securities Exchange (ASX).
With the worldwide shutdown came a shift toward digital platforms as well a large space for innovation. Some of the highest earnings were in the tech sector, especially in communications and fintech technologies. In 2021, as the world began to transition out of the pandemic, the tech sector was a bit more uncertain as some of the old ways of life like working in an office and shopping in person began to take shape again.
What are some upcoming ASX tech IPOs investors should look out for? Here the Investing News Network looks at the upcoming listings under the materials sector in 2022. Data was up to date as of March 31, 2022, with companies listed in alphabetical order.
1. Halo Technologies Holdings
Proposed listing date: April 26, 2022
First developed in 2017, Halo Technologies is a FinTech company based in Sydney Australia. The company specializes in providing the technology to be the solution for every type of investor. From individual traders to companies managing client portfolios, Halo provides a quick and easy solution to streamline the research and investing process. The subscription-based service also comes with a mobile app that allows users to manage portfolios on the go.
Halo Technologies Holdings is hoping to raise at least AU$40 million at an issue price of AU$1.20 per share for a total of 33 million new shares.
2. Microba Life Sciences
Proposed listing date: April 5, 2022
Microbia Life Sciences is a healthcare technology company that provides answers about the human gut through its powerful microbiome analysis platform. The platform carefully analyzes the results from testing kit samples through a database in order to better understand micro-organisms and their function in the human body. Microbia’s aim is to help healthcare professionals and the industry better care for patients by using human-driven data.
Microbia is hoping to raise at least AU$30 million at an issue price of AU$0.45 per share for a total of 66 million new shares.
3. RLF AgTech
Proposed listing date: April 12, 2022
RLF AgTech a food and agriculture tech company, promises to help shape and sustain the future of the planet and food industry through crop nutrition technology. The company sells nutrient and fertilizer products created with its Proton Delivery Technology for soil, seed and plants to help farmers from seed to harvest.
RLF AgTech is hoping to raise AU$7 to 10 million at an issue price of AU$0.20 per share. So far the company has passed the low end of its goal at AU$8.5 million through 42.5 million shares.
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Securities Disclosure: I Marlee John, hold no direct investment interest in any company mentioned in this article.
