Qantm Intellectual Property (proposed ASX code: QIP, listing date 27 & 28 July 2016)
The company, which owns law firm Davies Collison Cave and patent attorney firm Freehills, is all set to raise about $ 150 million on 27 and 28 July 2016. Qantm has a broker-valuation of up to $374 million. Brokers Evans and Partners and Bell Potter are being reported to hold a road show for the IPO, and have encouraged potential shareholders to compare the offer to IPH which was listed on the ASX in November 2014. Bell Potter expects a robust performance in the offering for Qantm just like IPH. The letter from the broker to potential investors thus focussed on the earnings growth opportunities along with with an expansion plan for Southeast Asia and the high quality client base as important factors in favour of the offer. Qantm estimates to have $27.5 million as EBITDA in the 2016-17 financial year, and $17.9 million as adjusted net profit.
 
Viva Energy REIT (proposed ASX code: VVR, listing date 03 August 2016)
Viva Energy is the exclusive licensee in the country for products from Shell, and Viva Energy REIT (Real Estate Investment Trust) is the owner of 425 service stations that are reported to be leased to Viva Energy as tenant. One key aspect is that under the “triple net” leases, the tenant and not the owner will be responsible for all maintenance, taxes and insurance, and the tenant has also agreed to indemnify the REIT in respect to contamination of a site which will reduce the risk and costs to REIT shareholders. The extended lease periods with a Weighted Average Lease Expiry of 15.9 Years and contractual rent increases of 3% per annum also lower the risk. Viva Energy REIT expects to pay a dividend yield of about 5.9% per annum. Through the IPO, REIT plans to raise $911 million at an issue price of $ 2.20 per share and its portfolio of petrol stations is valued at nearly $ 1.5 billion. Viva Energy REIT reported that total fees and costs related to the offer are of the order of $41.3 million while portfolio acquisition costs are of the order of $30.4 million relating to stamp duty. Market believes that such listed real estate stocks are viewed as safe haven investments at the back of comparatively strong yields. Viva Energy REIT is said to hold cash of $7 million and debt of $730 million after the completion of the offer.
 
AdAlta Limited (proposed ASX code: 1AD, listing date 22 August 2016)
AdAlta Limited is a biotechnology company specializing in discovery and development of protein based therapeutics. The company is seeking to raise up to $10 million in an initial public offering (IPO) on ASX at an issue price of 25 cents per ordinary share. The move is for the purpose of seeking funds for clinical studies with lead compound (AD-114) for treating fibrosis. The company has developed an innovative technology platform which produces proteins mimicking shark antibodies and engineers the key stability features in creating unique compounds known as i-bodies and is developing a pipeline of drugs initially focused on the treatment of fibrotic diseases. Investors include early stage venture capital firm, Yuuwa Capital, which is said to subscribe for $7 million in the IPO. The company is looking to leverage the fact that global pharmaceutical companies are eager to gain access to innovative new drug candidates and AdAlta’s pipeline strategy is to find partners for its i-body technology platform for early revenues and also to license the drugs at an early stage. The company does not show any signs of commercialising new drugs from its technology in order to avoid making investors wait for a long time for returns.
 

Use of Funds Raised (Source: Company Prospectus)

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