Airtasker is the most notable company in the queue to IPO on the ASX
IPO Watch: 11 new stocks in 2021 with at least 13 to come – and one of them is Airtasker
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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 |
Read MoreInitial Public Offering - IPO
