Last year’s class of ASX IPOs was only half the size of 2021 but was and still is better performing than this year, even though the list of top winners has changed somewhat.

2020 actually began as an average year with just 12 IPOs. When COVID-19 struck there was a drought of listings for several weeks but things picked back up towards the back end of the year.

In 2020 there were 66 ASX listings and the average gain was 42%.

The top two stocks were asset management software company COSOL (ASX:COS) and medtech stock 4DMedical (ASX:4DX). A dozen were up 100% or better.

Here’s how 2020’s ASX IPOs performed up to the end of 2020 (data excludes reverse takeovers):

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
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How has 2021 gone for last year’s IPOs?

Now, three quarters of the way into 2021, the average gain has improved to 44%.

However the list of top winners is slightly different to what it was at Christmas last year.

Code Company Listing Price Price yesterday % Performance
4DX 4Dmedical Limited 0.74 1.38 86
ABB Aussie Broadband 1 5.12 412
ABY Adore Beauty 6.75 4.85 -28
AIM Access Innovation 1.23 0.9675 -22
AKO Akora Resources 0.2 0.23 15
AL3 Aml3D 0.2 0.155 -23
ARX Aroa Biosurgery 0.75 1.1575 54
AT1 Atomo Diagnostics 0.2 0.345 73
AUN Aurumin 0.2 0.2 0
BKG Booktopia 2.3 2.55 11
BNZ Benz Mining 0.5 0.72 44
BPM BPM Minerals 0.2 0.29 45
CBE Cobre 0.2 0.1 -10
CBL Control Bionics 0.6 0.585 -2
CCR Credit Clear 0.35 0.55 57
CLU Cluey 1.2 1.215 1
COD Coda Minerals Ltd 0.3 0.92 206
COS Cosol Limited 0.2 0.6075 203
CPN Caspin Resources 0.2 1.06 430
CRW Cashrewards 1.73 0.96 -45
CSX Cleanspace Holdings 4.41 1.65 -63
CTT Cettire 0.5 3.19 538
DBI Dalrymple Bay Infrastructure 2.57 2.26 -13
DC2 Dctwo 0.2 0.19 -5
DDB Dynamic Drill 0.2 0.47 135
DM1 Desert Metals 0.2 0.285 43
DOC Doctor Care Anywhere 0.8 0.695 -14
DSK Dusk Group 2 3.32 66
DUG DUG Tech 1.35 0.84 -38
EMD Emyria Limited 0.2 0.23 15
ERW Errawarra Resources 0.2 0.315 58
FFF Forbidden Foods 0.2 0.25 25
GNP Genusplus 0.96 1.09 14
HMY Harmoney 3.5 1.98 -44
HPG Hipages 2.45 3.73 52
HXL Hexima 0.2 0.365 83
ICR Intelicare Holdings 0.2 0.105 -48
KAU Kaiser Reef 0.2 0.225 12
LBY Laybuy Group Holding 1.41 0.475 -66
LFG Liberty Financual Group 6 6.19 3
LGP Little Green Pharma 0.45 0.68 51
LV1 Live Verdure 0.2 0.36 80
M2R Miramar 0.2 0.195 -3
MEG Megado 0.2 0.1 -50
MGH Maas Group 2 5.23 162
MHK Metalhawk 0.2 0.545 173
MKR Manuka Resources. 0.2 0.37 85
MYD Mydeal.com.au 1 0.845 -17
NMR Native Mineral Resources 0.2 0.24 20
NSM North Stawell 0.5 0.33 -33
NXL Nuix 5.31 2.76 -48
PAM Pan Asia Metals 0.2 0.585 192
PLT Plenti Group Limited 1.66 1.4075 -16
PLY Playside Studios 0.2 0.51 155
PRS Prospech 0.2 0.07 -65
PYR Payright 1.2 0.38 -70
RCR Rincon 0.2 0.19 -5
SLA Silk Laser 3.45 4.54 31
SNG Siren Gold 0.25 0.375 50
SOV Sovereign Cloud 0.75 0.65 -14
SRJ SRJ Technologies 0.5 0.42 -16
UNI Universal Store 3.8 8.23 117
WAK WA Kaolin 0.2 0.205 3
WSR Westar Resources 0.2 0.17 -15
YFZ Youfoodz 1.5 0.925 -38
ZBT Zebit Inc. 1.58 0.57 -63
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Taking the top spot was high-end fashion ecommerce outlet Cettire (ASX:CTT) which listed at 50 cents and now sits at over $3.

Second is Caspin Resources (ASX:CPN), one of a dozen or so stocks hoping to find a Julimar-like Ni-Cu-PGE discovery.

While it is early days in Caspin’s hunt, one thing in its favour which other Julimar hunters lack is having Chalice Mining (ASX:CHN) as a shareholder.

 

Later bloomers from last year’s ASX IPOs

Third is Aussie Broadband (ASX:ABB) which rose from $1 a share to just over $2 in the back end of last year but now sits over $5 as it continued to grow its subscriber base.

Other “late bloomers” include Maas Group (ASX:MGH) which is up 162% and Pan Asia Metals (ASX:PAM) which after treading water for several months has nearly tripled.

Pan Asia took off after it announced the acquisition of a geothermal lithium project in (very) late August.

 

Poor performers

Unfortunately, others had positive starts to listed life and lost ground.

The most pertinent example was Nuix (ASX:NXL) which at one stage was more than double its IPO price.

But today it is little over half of that after earnings downgrades, allegations of inflated forecasts and consequential executive departures.

Another one of the “worst” has also been the only one to be a takeover target in Youfoodz (ASX:YFZ).

After listing at $1.50 and shedding over 60% of its value, it got a takeover offer from HelloFresh which the board was quick to embrace.

Cleanspace (ASX:CSX), a company that makes respiratory protective equipment, never recovered from one particular downgrade in March which it blamed on COVID-19 in North America.

Also failing to fire is Kiwi BNPL company Laybuy (ASX:LBY) which despite growing its users and merchants, remains behind its larger competitors.

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