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IPO Watch
In our last edition of IPO Watch a fortnight ago, we noted manganese play Firebird Metals (ASX:FRB) as a mere Firefly Resources (ASX:FFR) spin-off.
Now it’s the best ASX listing in 2021.
In the last fortnight it has surged from 20 cents to 75 cents – a 275 per cent premium to its IPO price.
Firefly, a Tolga Kumova backed gold stock, opted to spin out its sole manganese project at Oakover after success in the precious metals space.
Slightly behind is medical imaging company Singular Health Group (ASX:SHG) which is up 248 per cent since listing, followed by Perth telco Pentanet (ASX:5GG) which is up 200 per cent.
Last week Airtasker (ASX:ART), which listed at 65 cents, surpassed $1.90 in the second day of trading – a gain that would have trumped the lot. It has since retreated but is still more than 70 per cent up since listing.
The ASX’s latest listing Peregine Gold (ASX:PGD) has had a more modest start, gaining 20 per cent on its opening day.
| Code | Company | Listing Price | Current price | % | MktCap | Sector |
|---|---|---|---|---|---|---|
| TRU | Truscreen | 0.065 | 0.092 | 38 | $36.3M | Health |
| TRN | Torrens Mining | 0.2 | 0.145 | -20 | $12.0M | Resources |
| FLX | Felix Group | 0.3 | 0.335 | 0 | $36.8M | Tech |
| CHM | Chimeric Therapeutics | 0.2 | 0.28 | 55 | $58.0M | Health |
| AGC | Australian Gold & Copper | 0.2 | 0.17 | -13 | $12.2M | Resources |
| 5GG | Pentanet | 0.25 | 0.75 | 200 | $112.0M | Tech |
| M24 | Mamba Exploration | 0.2 | 0.275 | 33 | $9.3M | Resources |
| OZM | OzAurum Resources | 0.25 | 0.175 | -26 | $10.7M | Resources |
| BEX | Bike Exchange | 0.26 | 0.255 | 0 | $33.7M | Tech |
| AWJ | Auric Mining | 0.25 | 0.205 | -32 | $16.1M | Resources |
| SHG | Singular Health | 0.2 | 0.57 | 248 | $49.1M | Health |
| NNG | Nexion | 0.2 | 0.215 | 18 | $31.1M | Tech |
| 3MF | 3D Metalforge | 0.2 | 0.21 | 15 | $30.5M | Industrial |
| DDH | DDH Drill | 1.1 | 0.89 | -16 | $321.0M | Industrial |
| GEN | Genmin | 0.34 | 0.25 | -18 | $78.2M | Resources |
| BMO | Baston Minerals | 0.2 | 0.195 | -3 | $11.8M | Resources |
| EZZ | EZZ Life Science | 0.5 | 0.745 | 44 | $8.9M | Consumer |
| FRB | Firebird Metals | 0.2 | 0.72 | 260 | $37.6M | Resources |
| MFB | My Food Bag | 1.85 | 1.48 | -19 | $361.0M | Consumer |
| MM8 | Medallion Metals | 0.2 | 0.24 | 20 | $20.0M | Resources |
| ART | Airtasker | 0.65 | 1.12 | 72 | $519M | Tech |
| MPA | Mad Paws | 0.2 | 0.2 | 0 | $36.7M | Tech |
| KCC | Kincora Copper | 0.2 | 0.22 | 10 | $12.0M | Resources |
| PGD | Peregrine Gold | 0.2 | 0.24 | 20 | $5.8M | Resources |
The ASX’s website lists 14 companies with locked in listing dates over the next few weeks.
Australia’s biggest flower wholesaler Lynch Group (ASX:LGL) will be the biggest ASX IPO so far in 2021. It is raising over $200 million in a deal set to complete with an Easter Tuesday listing.
Listing next Thursday is Delorean Corporation (ASX:DEL) which is a bioenergy generation company which has completed a $14 million IPO.
The resources sector dominates the rest of the list of upcoming ASX IPOs in 2021.
One noteworthy upcoming resources listing is QMines (ASX:QML) which is scheduled for April 21. This company has four advanced copper-gold projects across Queensland including the historic Mt Chalmers copper-gold mine.
The company is raising $10 million for a large scale drilling program at Mt Chalmers over the next couple of years.
While new uranium listings have been few and far between 92 Energy (ASX:92E) will be one of them when it lists on April 9.
The company is focused on Canada’s Athabasca Basin and will have on its shareholder list C$260 million uranium company IsoEnergy.
| Code | Company | Price per share | Capital raised | Listing Date | Sector |
|---|---|---|---|---|---|
| TG1 | TechGen Metals | 0.2 | $6m | 13-Apr | Resources |
| 92E | 92 Energy | 0.2 | $7m | 9-Apr | Energy |
| DEL | Delorean Corporation | 0.2 | $14m | 8-Apr | Industrial |
| ICL | Iceni Gold | 0.2 | $20m | 7-Apr | Resources |
| ILA | Island Pharmaceuticals | 0.25 | $7.5M | 13-Apr | Health |
| LGL | Lynch Group | 3.6 | $206.1M | 6-Apr | Consumer |
| PHL | Propell Holdings | 0.2 | $5m | 9-Apr | Tech |
| TUL | Tulla Resources | 0.9 | $243.8M | 18-Mar | Resources |
| A8G | Autralasian Gold | 0.2 | $6m | 28-Apr | Resources |
| BCA | Black Canyon | 0.2 | $5m | 15-Apr | Resources |
| EPX | EP&T Global | 0.2 | $11m | 12-May | Energy |
| MKL | Mighty Kingdom | 0.3 | $18m | 21-Apr | Tech |
| NKL | Nickelx | 0.2 | $5m | 23-Apr | Resources |
| QML | Qmines | 0.3 | $20m | 21-Apr | Resources |
At Stockhead, we tell it like it is. While QMines is a Stockhead advertiser, it did not sponsor this article.
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