The IPO of 3D Metal Forge (ASX:3MF) has been a success - shares gained 45 per cent on debut
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3D Metal Forge (ASX:3MF) has become the latest ASX IPO to perform well on debut in 2021.
Primarily focused on the oil and gas sector, the company is an additive manufacturer that joins other stocks such as Titomic (ASX:TTT), Amaero International (ASX:3DA) and AML3D Limited (ASX:AL3).
3D Metal Forge raised $10 million at 20 cents per share under its IPO offering. Upon debut shares rose to 29 cents – a 45 per cent premium.
3D Metal Forge is above average among ASX IPOs with the average gain currently 42 per cent.
The top debutante is currently Singular Health Group (ASX:SHG) which has gained 225 per cent since listing followed by WA telco Pentanet (ASX:5GG) which is up 140 per cent.
Taking 3rd and 4th spots are health stocks Chimeric Therapeutics (ASX:CHM) and TruScreen (ASX:TRU) which have gained 70 per cent and 53 per cent since listing.
Having gained 45 per cent, 3D Metal Forge takes 5th spot among 2021 IPOs.
| Code | Company | Listing Price | Current price | % | MktCap | Sector |
|---|---|---|---|---|---|---|
| TRU | Truscreen | 0.065 | 0.1 | 54 | $36.3M | Health |
| TRN | Torrens Mining | 0.2 | 0.17 | -15 | $12.0M | Resources |
| FLX | Felix Group | 0.3 | 0.32 | 8 | $36.8M | Tech |
| CHM | Chimeric Therapeutics | 0.2 | 0.34 | 70 | $58.0M | Health |
| AGC | Australian Gold & Copper | 0.2 | 0.17 | -15 | $12.2M | Resources |
| 5GG | Pentanet | 0.25 | 0.6 | 140 | $112.0M | Tech |
| M24 | Mamba Exploration | 0.2 | 0.25 | 25 | $9.3M | Resources |
| OZM | OzAurum Resources | 0.25 | 0.18 | -28 | $10.7M | Resources |
| BEX | Bike Exchange | 0.26 | 0.26 | 0 | $33.7M | Tech |
| AWJ | Auric Mining | 0.25 | 0.18 | -28 | $16.1M | Resources |
| SHG | Singular Health | 0.2 | 0.65 | 225 | $49.1M | Health |
| NNG | Nexion | 0.2 | 0.27 | 35 | $31.1M | Tech |
| 3MF | 3D Metalforge | 0.2 | 0.34 | 70 | $30.5M | Industrial |
| EZZ | EZZ Life Science | 0.5 | 0.72 | 44 | Consumer |
3D Metal Forge will be joined by several other IPOs in the days and weeks ahead.
Hitting the bourse at 11am tomorrow is EZZ Life Science Holdings (ASX:EZZ) which is a wholesale consumer wellness products company.
Following on Friday is New Zealand based meal kit deliverer My Food Bag (ASX:MFB).
Despite the recent under performance of recent resources IPOs, there are at least 8 in the pipeline for the next few weeks.
But the most biggest by market cap, and undoubtedly the most anticipated, is gig economy platform Airtasker (ASX:ART) which is down for March 22.
| Code | Company | Price per share | Capital raised | Listing Date | Sector |
| ART | Airtasker | 0.65 | $83.7M | 22-Mar | 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 |
| FRB | Firebird Metals | 0.2 | $5.5m | 19-Mar | Resources |
| MFB | MY Food Bag | 1.85 | $342.5M | 5-Mar | Consumer |
| TG1 | TechGen Metals | 0.2 | $6m | 25-Mar | Resources |
| TUL | Tulla Resources | 0.9 | $243.8M | 15-Mar | Resources |
| MPA | Mad Paws | 0.2 | $12M | 26-Mar | Consumer |
| GEN | Genmin | 0.34 | $30M | 10-Mar | Resources |
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