IPO Watch: 11 new stocks in 2021 with at least 13 to come - and one of them is Airtasker

Since Stockhead last recapped the performance of 2021 IPOs a fortnight ago the list has increased but the average gain has shrunk.

Back on February 3 only five stocks had listed and gained an average of 53 per cent. As of this morning, February 17, 11 stocks have listed and gained an average of 38 per cent.

The catalyst for the lower average gain has been subdued performances of recent resources listings including Australian Gold and Copper (ASX:AGC) and Auric Mining (ASX:AWJ).

The two best listings in 2020 are Singular Health Group (ASX:SHG) and Pentanet (ASX:5GG) which are sitting on gains above 160 per cent.

Health stocks Chimeric Therapeutics (ASX:CHM) and Truscreen (ASX:TRU) are sitting on healthy gains as well.

Code	Company	Listing Price	Current price	%	MktCap	Sector
TRU	Truscreen	0.065	0.105	62	$36.3M	Health
TRN	Torrens Mining	0.2	0.185	-7.5	$12.0M	Resources
FLX	Felix Group	0.3	0.365	22	$36.8M	Tech
CHM	Chimeric Therapeutics	0.2	0.29	45	$58.0M	Health
AGC	Australian Gold & Copper	0.2	0.17	-15	$12.2M	Resources
5GG	Pentanet	0.25	0.66	164	$112.0M	Tech
M24	Mamba Exploration	0.2	0.25	25	$9.3M	Resources
OZM	OzAurum Resources	0.25	0.215	-14	$10.7M	Resources
BEX	Bike Exchange	0.26	0.255	-2	$33.7M	Tech
AWJ	Auric Mining	0.25	0.19	-24	$16.1M	Resources
SHG	Singular Health	0.2	0.54	170	$49.1M	Health

Airtasker leads list of upcoming IPOs

But the list of companies awaiting an IPO is longer, currently numbered at 13.

Undoubtadly the most anticipated IPO will be Airtasker which is one of Australia’s most renowned tech stories of the last decade.

The company’s platform, a symbol of the new “gig economy”, allows users to find people to get tasks done for them from shopping to moving furniture.

Airtasker is seeking to raise over $80 million in its IPO to fuel further growth.

Yet it is not even the biggest IPO by capital raised – that title belongs to DDH1 which is a drilling contractor for the mining industry. Both of these IPOs won’t occur until the middle of next month.

The next listings on the block will include the delayed IPO of cloud services provider Nexion (ASX:NNG) which is expected on Thursday and skincare wholesaler EZZ Life Sciences (ASS:EZZ) which is due on Wednesday March 3.

Code	Company	Price per share	Capital raised	Listing Date	Sector
3MF	3D Metal Forge	0.2	$10M	12-Feb	Industrial
ART	Airtasker	0.65	$83.7M	22-Mar	Tech
EZZ	EZZ Life Science	0.5	$6M	26-Feb	Health
MTR	Metal Tiger	TBD	TBD	4-Feb	Resources (investor)
NNG	Nexion	0.2	$8m	18-Feb	Tech
CHA	Chaucer Energy	0.2	$5.5m	15-Mar	Energy
JNO	Juno Minerals	0.25	$20.0M	11-Mar	Resources
PGD	Peregrine Gold	0.2	$2.5M	22-Mar	Resources
BMO	Bastion Minerals	0.2	$6m	17-Mar	Resources
CSM	Cosmo Gold	0.2	$6m	24-Mar	Resources
DDH	DDH1	1.1	$150m	9-Mar	Drilling contractor
EZZ	EZZ Life Science Holdings	0.5	$6m	3-Mar	Consumer
FRB	Firebird Metals	0.2	$5.5m	19-Mar	Resources