The Aussie IPO market is looking less than stellar with about 40 per cent of ASX debutantes over the past year ahead or steady — and the other 60 per cent declining according to an analysis by Stockhead.

Scroll down for a table showing the performance of a selection of 70 IPOs over the past year — and a table of 50 upcoming floats.

Best performing IPOs over the past year

The best performing float in the past year has been Keytone Dairy (ASX:KTD), which has witnessed a 290 per cent rally in its share price since it listed on July 18.

Keytone is a New Zealand-based, manufacturer and exporter of dairy and nutrition products.

The company debuted following a heavily oversubscribed $12 million IPO priced at 20c and is now trading at around 76.5c.

Solar-powered window maker ClearVue Technologies (ASX:CPV) overcame a wobbly debut in May to go on a stellar run.

The company has added 280 per cent to its 20c issue price to trade at 70c.

ClearVue booked a strong 784 per cent upturn in revenue for the 2018 financial year, making $504,919 compared with just $57,000 a year earlier.

Its technology allows sun going through glass windows to be converted into energy.

At the other end of the scale, South African diamond miner Frontier (ASX:FDX) is down 80 per cent since its May float. Earlier this month Frontier raised $1 million at 4c, compared to its 20c IPO price.

More recently, it’s been a strong start to the financial year for IPOs with $6 billion raised in ASX floats since July.

Nine new listings occurred in August — after raising $605 million — taking the total since July to 25.

That’s 24 per cent more than the same time last year, according to the ASX’s latest monthly report.

Of the resources players, Eagle Mountain Mining (ASX:EM2) has been a top performer with its share price appreciating 72.5 per cent to 34.5c.

The explorer hit the ASX on March 16 after completing a $12.5 million raising to fund its hunt for gold and copper in the US.

Eagle Mountain has accumulated acreage along a 6km outcrop in the so-called Pacific Horizon prospect in Arizona.

Arizona is highly prospective for copper and has traditionally accounted for more than half of all of the copper produced in the US.

Constellation Resources (ASX:CR1), meanwhile, has jumped 35 per cent to 29c after it completed a $7 million IPO.

The company lit up the boards at the end of July trading at a 70 per cent premium to its 20c issue price.

Constellation was spun out of Apollo Minerals (ASX:AON) earlier this year with its Fraser Range nickel, copper and gold projects.

The Fraser Range region in Western Australia shot to fame back in 2012 when Sirius Resources uncovered the Nova-Bollinger nickel, copper and cobalt mine that eventually sold to larger rival Independence Group (ASX:IGO) for $1.8 billion.

Here’s a list of 70 recent IPOs showing how they’ve performed since their debut:

Swipe or scroll to reveal full table. Click headings to sort

ASX code Company Share price change since listing Offer Price Last Price Cash target ($M) Focus Listing date
KTD Keytone Dairy Corp 2.9 0.2 0.765 15 Food-Dairy Products 18.07.2018
CPV Clearvue Technologies 2.8 0.2 0.7 5 Energy-Alternate Sources 25.05.2018
RCL Readcloud 1.425 0.2 0.48 6 Internet Content-Info/Ne 02.07.2018
NWL Netwealth Group 1.213513489 3.7 8.15 264.223 Invest Mgmnt/Advis Serv 20.11.2017
EXL Elixinol Global 1.04 1 1.9 20 Medical-Whsle Drug Dist 01.08.2018
PPE People Infrastructure 0.98 1 2 25 Human Resources 22.11.2017
TNO Tando Resources (adjusted for stock split) 68% .043 0.135 $4.5m Vanadium, copper, zinc 03.11.2017
S66 Star Combo Pharma 0.75 0.5 0.87 5.8 Cosmetics&Toiletries 16.05.2018
EM2 Eagle Mountain Mining 0.725 0.2 0.345 8 Metal-Copper 16.03.2018
WGN Wagners Holding Co 0.5977859497 2.71 4.34 196.746 Building-Heavy Construct 12.08.2017
CXL Calix 0.5660378265 0.53 0.83 8 Mining Services 20.07.2018
PYG PayGroup 0.44 0.5 0.72 8.5 Human Resources 29.05.2018
CR1 Constellation Resources 0.3499999619 0.2 0.29 7 Diversified Minerals 30.07.2018
TLX Telix Pharmaceuticals 0.3384615707 0.65 0.895 50.05 Medical-Biomedical/Gene 15.11.2017
HLA Healthia 0.27 1 1.255 26.849 Medical Labs&Testing Srv 09.11.2018
TMR Tempus Resources 0.2499999809 0.2 0.25 5 Metal-Copper 15.08.2018
14D 1414 Degrees 0.2285714531 0.35 0.455 16.3067 Electric-Generation 09.12.2018
CWX Carawine Resources 0.2249999809 0.2 0.25 7 Metal-Diversified 14.12.2017
NTD National Tyre & Wheel 0.185 1 1.175 59 Distribution/Wholesale 15.12.2017
KRX Koppar Resources 0.1499999809 0.2 0.23 4.5 Metal-Diversified 30.05.2018
STN Saturn Metals 0.1249999809 0.2 0.23 7 Gold Mining 03.09.2018
TGO Trimantium GrowthOps 0.1 1 1.11 70 Human Resources 16.03.2018
GAL Galileo Mining 0.09999998093 0.2 0.235 15 Metal-Diversified 29.05.2018
VEN Vintage Energy 0.07499998569 0.2 0.215 30 Oil Comp-Explor&Prodtn 17.09.2018
PFP Propel Funeral Partners 0.06296294212 2.7 2.89 131.156 Funeral Serv&Rel Items 23.11.2017
ARN Aldoro Resources 0.02499998569 0.2 0.205 5 Metal-Diversified 13.09.2018
DBF Duxton Broadacre Farms 0.01333333373 1.5 1.5 21.105 Investment Companies 02.08.2018
PKD Parkd 0% 0.2 0.2 6 Metal Processors&Fabrica 12.06.2017
BC8 Black Cat Syndicate 0% 0.2 0.19 6 Gold Mining 30.01.2018
WGB WAM Global -0.004545476139 2.2 2.19 330 Closed-end Funds 22.06.2018
GCI Gryphon Capital Income Trust -0.01 2 1.995 175.3 Closed-end Funds 25.05.2018
PGX Primero Group -0.01250001431 0.4 0.395 25 Engineering/R&D Services 07.09.2018
SIL Smiles Inclusive -0.025 1 1.01 35 Commercial Services 27.04.2018
IXU IXUP -0.02500001431 0.2 0.195 12.5 Applications Software 15.11.2017
VEA Viva Energy Group -0.03599999905 2.5 2.395 2648.88 Oil Refining&Marketing 13.07.2018
KWR Kingwest Resources -0.05000001431 0.2 0.19 5 Gold Mining 24.08.2018
SEC Spheria Emerging Co -0.055 2 1.855 132.675 Closed-end Funds 12.05.2017
JLG Johns Lyng Group -0.06 1 0.93 95.765 Building&Construct-Misc 26.10.2017
DXN Data Exchange Network/The -0.07500001431 0.2 0.19 16 Telecom Services 04.11.2018
SLZ Sultan Resources -0.07500001431 0.2 0.19 4.8 Metal-Diversified 16.08.2018
RMY RMA Global -0.08 0.25 0.23 12 E-Commerce/Services 07.05.2018
B2Y Bounty Mining -0.08571427345 0.35 0.32 18 Mining Services 19.06.2018
JAY Jayride Group -0.11 0.5 0.44 1.5 Internet Content-Info/Ne 29.01.2018
JMS Jupiter Mines -0.1125000095 0.4 0.37 240.004 Metal-Diversified 18.04.2018
RFR Rafaella Resources -0.1250000095 0.2 0.175 5 Diversified Minerals 26.07.2018
A1C AIC Resources -0.1500000095 0.2 0.17 10 Gold Mining 12.01.2017
NSB NeuroScientific Biopharmaceuti -0.1500000095 0.2 0.17 6 Medical-Drugs 27.07.2018
LSF L1 Long Short Fund -0.1525 2 1.67 1329.68 Closed-end Funds 24.04.2018
ED1 Evans Dixon -0.1760000038 2.5 2.03 130 Invest Mgmnt/Advis Serv 14.05.2018
CG1 Carbonxt Group -0.1999999809 0.7 0.575 10 Advanced Materials/Prd 23.01.2018
OGA Ocean Grown Abalone -0.24 0.25 0.18 10 Fisheries 14.11.2017
RHY Rhythm Biosciences -0.2500000191 0.2 0.15 9 Medical-Biomedical/Gene 12.07.2017
WOA Wide Open Agriculture -0.2500000191 0.2 0.15 5 Agricultural Operations 07.06.2018
MAM Microequities Asset Management -0.2625000191 0.8 0.59 18.9815 Invest Mgmnt/Advis Serv 30.04.2018
AS1 Angel Seafood Holdings -0.3000000191 0.2 0.15 8 Fisheries 21.02.2018
SIS Simble Solutions -0.3000000191 0.2 0.14 7.5 Applications Software 22.02.2018
BGT Bio-Gene Technology -0.3000000191 0.2 0.13 7.1 Medical-Biomedical/Gene 29.11.2017
MKG Mako Gold -0.325 0.2 0.125 6 Gold Mining 16.04.2018
CM1 Coolgardie Minerals -0.325 0.2 0.13 4.251 Diversified Minerals 30.08.2018
P2P P2P Transport -0.3674242783 1.32 0.885 29.1872 Transport-Services 13.12.2017
VN8 Vonex -0.4 0.2 0.12 6 Cellular Telecom 13.06.2018
BEM Blackearth Minerals NL -0.4 0.2 0.125 5.4571 Diversified Minerals 19.01.2018
AX8 Accelerate Resources -0.45 0.2 0.11 5 Precious Metals 14.02.2018
CCG CommsChoice Group -0.48 0.25 0.13 7.5 Computer Services 21.12.2017
RZI Raiz Invest -0.4861111069 1.8 0.925 15.12 Finance-Invest Bnkr/Brkr 21.06.2018
CAS LN Crusader Resources -0.4899665451 2.99 1.525 6.16641 Gold Mining 16.04.2018
IHR intelliHR Holdings -0.5333333588 0.3 0.14 4.5 Computer Software 23.01.2018
SWF SelfWealth -0.56 0.2 0.088 7.3355 Invest Mgmnt/Advis Serv 23.11.2017
CY5 Cygnus Gold -0.57 0.2 0.086 6 Gold Mining 15.01.2018
POD Podium Minerals -0.65 0.2 0.07 4.232 Precious Metals 28.02.2018
TIE Tietto Minerals -0.665 0.2 0.072 6 Gold Mining 18.01.2018
WHK WhiteHawk -0.745 0.2 0.048 4.5 Computer Data Security 24.01.2018
FDX Frontier Diamonds -0.8 0.2 0.04 4.061 Diamonds/Precious Stones 01.05.2018

 

Which IPOs are next in line to make an ASX debut

A lot of IPOs have faltered before the finish line over the past year.

Out table of 50 upcoming IPOs below shows more than half of planned IPOs have either been delayed, postponed or cancelled.

This week diamond explorer GeoCrystal gave up on its second attempt at trying to become a publicly listed company.

The $7 million IPO has again been shelved after a couple of hiccups — a decade after it first started down the path to an ASX listing.

Five years ago, GeoCrystal discovered a large kimberlite field at the Webb diamond project located in the remote Gibson Desert region of Western Australia.

Kimberlite is a dark-coloured, heavy rock that contains diamonds and is sometimes found in valuable “pipes”.

Stealth Global Holdings was supposed to make its debut today, but appears to have faced delays. It has not yet been admitted to the ASX’s “Official List”.

Stealth is a supplier of safety, industrial, healthcare and workplace consumable products to the resources, transport, infrastructure, engineering, construction, manufacturing, general trade and industrial sectors.

The company launched a $12.5 million raising in early August.

Blockchain fintech Identitii also appears to be facing delays. Identitii launched the first ASX blockchain IPO in two years in August and was aiming to make its debut on Wednesday.

Identitii wants to join Kyckr as the ASX’s only other blockchain IPO, launched back in September 2016. Both companies follow similar strategies of making blockchain-based technology that checks the bonafides of businesses involved in financial transactions.

Vanadium and oil shale play QEM is due to light up the boards on Thursday after closing its $5 million IPO over-subscribed.

Vanadium is one of the resources firecrackers of the moment, making it the perfect time to launch a new vanadium float.

Director David Fitch told Stockhead QEM’s IPO was 50 per cent over-subscribed — with around $7.6 million worth of applications received.

QEM was founded in 2014 to develop a vanadium and oil shale project in the Julia Creek area of North Western Queensland.

Most of the funds ($2.8 million) will be used to develop the Julia Creek project.

“We’re obviously investigating the technologies that can be used to potentially get those hydrocarbons out and be commercial,” Mr Fitch said.

“If we can get both the oil and the vanadium out well then it makes for a pretty good production play.”

Mr Fitch said QEM wants to get the Julia Creek project into production as quickly as possible.

Gold and base metals explorer Caprice Resources is penned in for September 26 followed by Canada-focused coking coal player Montem Resources on September 27.

What’s happening with the next 50 IPOs 

There are about two dozen IPOs — out of a list of more than 50 in our table — that appear to have a realistic chance of joining the ASX this year.

One of those is International Cobalt Resources which is undertaking an IPO to raise between $5 and $6 million at 30c per share in a bid to hit the ASX by October 22.

The Canada-focused explorer has cobalt, nickel and gold projects in North Eastern Ontario and the exclusive rights to acquire mining tenements within the Ville-Marie area of Western Quebec.

Here’s a list of 50 upcoming IPOs:

Swipe or scroll to reveal full table. Click headings to sort

Company ASX code IPO status Focus Fund raising Issue price
3G Coal 3GC Offer open Oct 3 to Nov 9 Coking coal $6m 20c
Althea AGH Offer open, due to list Sep 21 Cannabis $19.7m 20c
AMD Resources ADM Cancelled Gold, silver $22m 50c
Andes Resources - Planning IPO this year; prospectus not yet lodged Gold $3-5m -
archTIS AR9 Delayed; was due to list Aug 27 Data security $8-10m 20c
Awati Resources AWA Postponed Gold $4.5-5.5m 20c
Biomics Biopharma BBM Delayed multiple times China-based biotech $13-16m 20c
Candy Club - In pre-IPO rounds; considering float Subscription confectionary unknown -
Canterbury Resources CBY Due to list Oct 31 Copper, gold $7.8m 30c
Caprice Resources CRS Due to list Sep 26 Gold, base metals $4.5m 20c
Carnaby Resources - Prospectus not yet issued Gold unknown -
Centaur Resources CR3 Offer open Oct 4-25. Listing due Nov 6 Lithium and other battery metals $15m 20c
China Track CTC Delayed; was due to list Jun 11 Bulldozer parts $32-40m 80c
Coronado Coal CRN Due to list Oct 29 Coking coal $1.4bn $4 to $4.80
Cowan Lithium COW Spin-off from Tawana. Offer open Aug 30 to Sep 27; listing Oct 8 Lithium $6-8m 20c
EcoMag - Postponed until later in 2018 Magnesium $3-5m 20c
Eden Health ETK Was due to list Jul 11 Kiwi fruit-focused AgTech $15.6-20m 20c
Frugl Pre-IPO funding; planning listing Grocery price comparison tba -
GeoCrystal GDC Cancelled Diamonds $5-7m 20c
Golden State Mining GSM Offer open Sep 3-28; listing Oct 12 Gold $4.5-5.5m 20c
Haixi Pharma HXP Delayed multiple times China-based, pain relief biotech $25-30m 50c
Hao Xian Yang - - Beef, mutton and vegetarian meat $1-1.5m 20c
Healthia Was due to list on Sep 11 Podiatry $26.8m $1
International Cobalt Resources ICR Offer closes Oct 11; Due to list Oct 22 Cobalt, nickel, gold $5-6m 30c
Identitii ID8 Offer open Aug 16-31; listing due Sep 19 Blockchain $11m 75c
Jobstore Group JOB Offer closes Nov 13; due to list Dec 5 AI-powered recruitment $6.6-8m 20c
Kaiyun Holdings - Closing Oct 15; due to list Oct 29 on NSX China-focused copper and gold $3-4m 20c
Fiji Kava - Due to list in October Kava producer $5.2m 20c
METALS 479 ML7 Cancelled Silver $5-7m -
Moho Resources MOH Due to list Sep 29 Gold, nickel, copper $4.5-6m 20c
Montem Resources MR1 Due to list Sep 27 Canada-focused coking coal $15-20m 50c
Nanoveu NVU Offer closes Oct 19; Due to list Nov 1 3D image technology $4.5-6m 20c
Neuroscientific Biopharma NSB Was due to list in July Alzheimer’s $5-6m 20c
Nice-Vend Due to list Oct 2 Slushy machines $7.5m 20c
Nicheliving NLH Extended to Sep 14 Residential developer $5-12m 50c
Norwest Minerals NWM Spin-off from Australian Mines (ASX:AUZ) due to list Oct 29 Gold and base metals $6.6m 20c
Ocean Guardian OCG Cancelled Shark deterrent $5m -
PINCHme PIN Offer closes Oct 5; Due to list Oct 16 Data gathering $8m 50c
Power Asia Limited P88 Offer extended Renewable energy $9m 20c
Prospa PGL Postponed small business loans $146m 3.64
QEM QEM Closes Sep 10; was due to list Sep 20 Vanadium $5m 20c
Rolek Resources RLK Backdoor listing via Shaw River (ASX:SRR) Manganese $5m 2c
Rong Yu Pharma RY8 Delayed Traditional Chinese Medicine $14-20m 20c
Secure2Go Group S2G Postponed indefinitely Cyber security $4-5m 30c
Security Matters SMX Was due to list Sep 18 Blockchain $5-6.5m 20c
Shekel Brainweigh - Offer due to close Oct 12; Due to list Oct 26 Weighing technologies $10.15m 35c
Spreedbox SBX Cancelled Cloud computing $4.2-4.9m 20c
Stealth Global SGI Due to list Sep 19 Workplace product distributor $12.5m 20c
Stirfire SFS Cancelled Video games $5-7m 20c
Straker STG Offer open until Oct 11 Translation software $21.2m $1.51
Tartana Resources - IPO suspended due to ASIC query Zinc, copper $5-6m -
Trigg Mining TMG Postponed indefinitely Potash $4-6m -
Universal Biosecurity UBL Delayed Safe pest control $5m 20c
XS Resources XS1 Due to list Nov 29 Precious, base metals $4.5m 20c
Zaige Waste Management ZGZ Delayed China-based recycling $14-20m 0.2