Just how are last year’s ASX IPOs holding up in 2021 and which stocks have done substantially better and worse than last year?

While 2021 is set to surpass 2020 for the number of companies IPOing (52 listings in nearly six months compared to 66 in the preceding 12), it’s easy to forget that much of the momentum begun in the back half of 2020.

And some companies which were quiet last year have broken out this year. In case you’ve forgotten, here’s how last year’s ASX IPOs performed up to December 31 2020

Scroll or swipe to reveal table. Click headings to sort:

Code Company Listing Price 2020 Year-end price % Gain or loss MktCap Sector
4DX 4Dmedical Limited 0.74 2.48 235 $444M Health
ABB Aussie Broadband 1 2 100 $384M Telco
ABY Adore Beauty 6.75 5.66 -17 $541M Consumer
AIM Access Innovation 1.23 0.995 -20 $144M Tech
AKO Akora Resources 0.2 0.36 80 $19M Resources
AL3 Aml3D 0.2 0.375 88 $38M Industrial
ARX Aroa Biosurgery 0.75 1.15 53 $346M Health
AT1 Atomo Diagnostics 0.2 0.305 53 $124M Health
AUN Aurumin 0.2 0.265 33 $12M Resources
BKG Booktopia 2.3 2.63 14 $369M Consumer
BNZ Benz Mining 0.5 1.28 156 $5M Resources
BPM BPM Minerals 0.2 0.25 25 $5M Resources
CBE Cobre 0.2 0.24 20 $16M Resources
CBL Control Bionics 0.6 0.945 58 $48M Health
CCR Credit Clear 0.35 0.735 110 $119M Tech
CLU Cluey 1.2 1.12 -7 $92M Consumer
COD Coda Minerals Ltd 0.3 0.285 -5 $20M Resources
COS Cosol Limited 0.2 0.785 293 $103M Tech
CPN Caspin Resources 0.2 0.575 188 $35M Resources
CRW Cashrewards 1.73 1.81 -2 $144M Consumer
CSX Cleanspace Holdings 4.41 6.6 50 $506M Tech
CTT Cettire 0.5 0.485 -2 $191M Consumer
DBI Dalrymple Bay Infrastructure 2.57 2.1 -18 $1B Industrial
DC2 Dctwo 0.2 0.27 35 $9M Tech
DDB Dynamic Drill 0.2 0.49 150 $15M Industrial
DM1 Desert Metals 0.2 0.67 235 $23M Resources
DOC Doctor Care Anywhere 0.8 1.16 45 $213M Health
DSK Dusk Group 2 2.02 1 $126M Consumer
DUG DUG Tech 1.35 1.2 -15 $119M Tech
EMD Emyria Limited 0.2 0.089 -55 $11M Cannabis
ERW Errawarra Resources 0.2 0.215 8 $7M Resources
FFF Forbidden Foods 0.2 0.27 35 $13M Consumer
GNP Genusplus 0.96 1.03 7 $159M Consumer
HMY Harmoney 3.5 2.98 -15 $301M Consumer
HPG Hipages 2.45 2.38 -3 $312M Consumer
HXL Hexima 0.2 0.18 -10 $22M Resources
ICR Intelicare Holdings 0.2 0.24 20 $9M Health
KAU Kaiser Reef 0.2 0.41 105 $11M Resources
LBY Laybuy Group Holding 1.41 1.3 -8 $227M Tech
LFG Liberty Financual Group 6 7.85 31 $2.4B Financial
LGP Little Green Pharma 0.45 0.57 27 $47M Cannabis
LV1 Live Verdure 0.2 0.185 -8 $7M Health
M2R Miramar 0.2 0.275 38 $11M Resources
MEG Megado 0.2 0.18 -10 $7M Resources
MGH Maas Group 2 2.75 38 $739M Tech
MHK Metalhawk 0.2 0.23 15 $8M Resources
MKR Manuka Resources. 0.2 0.35 75 $32M Resources
MYD Mydeal.com.au 1 1.25 25 $324M Consumer
NMR Native Mineral Resources 0.2 0.415 108 $12M Resources
NSM North Stawell 0.5 0.465 -7 $19M Resources
NXL Nuix 5.31 8.22 55 $3B Tech
PAM Pan Asia Metals 0.2 0.125 -38 $7M Resources
PLT Plenti Group Limited 1.66 1.16 -30 $191M Consumer
PLY Playside Studios 0.2 0.46 130 $44M Tech
PRS Prospech 0.2 0.2 0 $13M Tech
PYR Payright 1.2 1 -17 $58M Consumer
RCR Rincon 0.2 0.35 75 $13M Resources
SLA Silk Laser 3.45 3.63 5 $170M Consumer
SNG Siren Gold 0.25 0.76 204 $45M Resources
SOV Sovereign Cloud 0.75 1.03 37 $54M Tech
SRJ SRJ Technologies 0.5 0.5 0 $37M Tech
UNI Universal Store 3.8 5.4 42 $388M Consumer
WAK WA Kaolin 0.2 0.17 -15 $27M Resources
WSR Westar Resources 0.2 0.225 13 $7M Resources
YFZ Youfoodz 1.5 1.01 -32 $134M Consumer
ZBT Zebit Inc. 1.58 0.94 -40 $88M Tech

 

And here’s how they have held up this year…

 

The top performers of last year’s ASX IPOs

The average ASX IPO from last year is currently up 39 per cent.

This is slightly down on where they were at the end of last year but ahead of the average gain in 2021 which is just 16 per cent.

Last year’s top 5 ASX IPOs were COSOL (ASX:COS), 4DMedical (ASX:4DX), Siren Gold (ASX:SNG), Desert Metals (ASX:DM1) and Caspin Resources (ASX:CPN).

Just one of these is still there in Caspin Resources. Caspin has jumped into first place on a performance-since-listing basis, up 870 per cent, and third on a YTD basis, up 259 per cent.

Caspin is one of several companies looking for a Julimar-like nickel-copper-PGE discovery, although one curious difference is that it is actually backed by Chalice (ASX:CHN). It has rocketed after two intersections of sulphides in April and in May.

Taking gold and silver spots on a YTD basis are Coda Minerals (ASX:COD), up 400 per cent in 2021, and luxury online retailer Cettire (ASX:CTT), which after flatlining in late 2020 is up over 300 per cent now, even with fall from its all-time highs.

Coda and its partner Torrens Mining (ASX:TRN) (also a recent ASX listee) appear to have stumbled across an iron-oxide-copper-gold-ore deposit (IOCG) in South Australia. Cettire, meanwhile, has impressed with its trading updates.

In fourth spot among top performing ASX IPOs from last year is pot stock Emryia (ASX:EMD).

Emryia listed in February 2020 and lagged for much of last year but has surged this year. In 2021 it has teamed up with Cann Group (ASX:CAN) to develop an over the counter CBD product and obtained TGA approval for its smartphone-based monitoring application.

In equal fifth position (both with a 91 per cent gain in 2021) are industrial stock Maas Group (ASX:MGH) and fragrance retailer Dusk Group (ASX:DSK).

On a performance-since-listing basis, Caspin Resources (ASX:CPN) came in first followed by Cettire (ASX:CTT), Desert Metals (ASX:DM1), COSOL (ASX:COS) and Coda Minerals (ASX:COD).

 

The worst performers

Without seeing the full list of companies it would be easy to assume Nuix (ASX:NXL) performed worst, in light of the terrible year with an ASIC investigation into the prospectus forecasts. That’s claimed the CFO, co-founder and today, the CEO.

But it’s actually the second worst performer of last year’s ASX IPOs on a YTD basis, down 67 per cent, and is only the seventh worst on a performance-since-listing basis.

The bottom spot belongs to respiratory equipment maker Cleanspace (ASX:CSX) which has never recovered from a company update at the end of March in which it revealed its North American sales were hit worse than expected by COVID-19.

Other poor performers include food delivery stock Youfoodz (ASX:YFZ), specialist pipeline couplings company SRJ Technologies Group (ASX:SRJ) and loyalty program app Cashrewards (ASX:CRW), all of which have more than halved since listing.