After a long hiatus, a slow trickle of stocks are expected to make their way towards an IPO this week, including the first US float following almost a month of no listing activity outside of SPACs.

On the ASX, there are four IPOs pencilled in for the coming days, with three of them being resources floats. It comes at a time where commodity prices have skyrocketed, with the war in Ukraine behind forecast supply constraints given the disruptions to a large proportion of reserves for the likes of nickel, oil, gas, coal, neon and more.

Buoyant gold prices may be a positive for junior explorers Many Peaks Gold (ASX: MPG) and Pure Resources (ASX: PR1), with the latter also hoping to strike big in terms of nickel. Nickel prices hit unprecedented heights amid a short squeeze last week, drawing extra attention to the segment.

Many Peaks Gold is focused on the central region of Queensland, and it has a stake in three key projects including the Mt Weary Gold Project, Rawlins Gold-Copper Project, and the Monal Gold Project. On the other hand, Pure Resources holds an interest in five projects across the Kimberley and Eastern Goldfields of WA.

This week other commodities-oriented IPO is set to come from Pinnacle Minerals (ASX: PIM), which is a kaolin“halloysite explorer. An industrial mineral that has come to light in recent times, kaolin“halloysite is a fine clay material used in a variety of applications, including high-tech purposes, and as a source of high-purity alumina in lithium-ion batteries. Pinnacle Minerals holds four projects, split evenly across South Australia and Western Australia.Equity Story Group (ASX: EQS) is this week other prospective IPO, having secured $5.5 million at a price of $0.20 per share. The company provides a subscription service to retail investors offering stock market research, trading advice, and education. Proceeds from the float are intended to help the company improve its scale across Australia, and offer more coverage of overseas markets as well. From the US, micro-cap cannabis producer Akanda (NASDAQ: AKAN) is hoping to list after raising US$16 million by way of 4 million shares issued at US$4 a piece. Although it is still an early-stage company, Akanda is hoping to leverage its cultivation facilities in Africa to supply medicinal-grade cannabis biomass, cannabis flower, and cannabis concentrates to wholesalers in international markets. The IPO price puts AKAN at a current valuation of over US$100 million.

Upcoming IPOs

CompanyFocusIPO sizeExpected debutASX  Many Peaks Gold (MPG)Gold and copper explorer

$5.5m

Mar 16

ASXPure Resources (PR1)Gold, nickel and copper explorer

$4.65m

Mar 16

ASXEquity Story Group (EQS)  Stock market advice, education and research firm

$5.5m

Mar 18

ASXPinnacle Minerals (PIM)Kaolin“halloysite explorer

$5.5m

Mar 18

USAkanda (AKAN)UK-based cannabis producer, with facilities in Africa  US$16m  

Mar 15

*All dates are subject to change and should be treated as an indicative guide only