IPO Watch: Airtasker still up 72pc since listing but these 2021 IPOs have more than tripled
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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.
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|
|AGC||Australian Gold & Copper||0.2||0.17||-13||$12.2M||Resources|
|EZZ||EZZ Life Science||0.5||0.745||44||$8.9M||Consumer|
|MFB||My Food Bag||1.85||1.48||-19||$361.0M||Consumer|
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|
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