With the growing volatility in the equity markets, many fund managers and investors are wary of initial public offerings and this perception has raised the bar for investing in a market debutant. Amidst the scenario, the below provided IPOs are gearing up to seek some attention, and it would be prudent to watch for the success of these in the coming months.
 

ClearVue Technologies Limited

Building Integrated Photovoltaic company, ClearVue’s (Proposed ASX Code: CPV) mission is to use the energy through innovative building materials by offering a powerful renewable energy solution that incorporates solar energy generation into transparent glass. ClearVue in collaboration with CENER will explore testing and certification of ClearVue’s technology, which will provide an input for the product development of ClearVue’s components. The Company’s main objective is to commercialise Company’s technology in accordance with the business model and growth strategy. It is noteworthy that the Company’s technology is protected by 34 granted patents and by 39 patent applications throughout the world. The Company has not generated any revenue till date and it is still struggling to prove its ability to sell its products. The Company has released prospectus to issue over 25,000,000 shares at an issue price of $0.20 per share and will raise a total amount of $5,000,000 to a maximum of $6 million. It is expected that the shares will be quoted on ASX around 25 April 2018. While the group’s technology seems to have a strong foundation and there is support from the sector driven trends, the lacuna relates to group’s financial performance that needs a closer look.
 

Vonex Limited

Telecommunications service provider, Vonex (Proposed ASX Code: VN8) issued an IPO prospectus for a minimum subscription of 30 million shares to raise $6 million (minimum subscription) before costs with a maximum value of $7 million, wherein participants will receive 1 free attaching option for every 4 shares subscribed for, exercisable at 20 cents per share after two years from the date of listing on ASX. It is expected that the shares will be listed on ASX around 26 April 2018.  Growth will continue and will accelerate from late 2018 as VN8’s inbound call centre is expanding. It also has a strong historical revenue growth. The offer is expected to close on 13 April 18 and the proceeds will be primarily used for the development of the Vonex’ SME Retail and wholesale white label PBX businesses and as well as for the development of its Oper8tor application. Given the historical trends of the telecom stocks, this one would need a key differentiator to mark a good foothold.
 

Vonex Telecom Growth Trend (Source: Company Reports)
 

ThinkMarkets

Another company aiming to raise over $5 million at a pre-money valuation of $25 million, is ThinkMarkets (online broker) that has a trading platform for mobile devices called Trader Interceptor. The company is expected to roll on for an ASX listing sometime during 2018 and the float is expected to value the company at $50 million to $60 million. ThinkMarkets’ financial performance has been decent, and the group aims to have EBIT of $8 million in 2018 with sales up to $35 million. Many investors and fund managers seem to be eying this one.

 
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