IPO Watch: Another wild week takes 2021’s ASX IPO tally over 150

This week, 2021’s ASX IPO tally surpassed 150 and while it wasn’t the busiest weeks, it was one of the most volatile.

There were two IPOs which more than doubled on debut. One was Lycaon Resources (ASX:LYN) which is the latest Julimar nearology play but has two other gold and base metals assets in WA.

Its listing came just one week after  Chalice Mining (ASX:CHN) unveiled its maiden mineral resource for Julimar.

Julimar is the largest nickel sulphide discovery globally in over two decades, and the largest PGE discovery in Australia’s history.

The second ASX IPO to make a solid contribution to the year’s tally was Evolution Energy Minerals (ASX:EV1), which was a spin-off of Marvel Gold’s (ASX:MVL) graphite assets.

Chilalo was first listed in June 2016 when Marvel was known as Graphex Mining and rose as high as 60 cents in the first few weeks after listing but like its peers in Tanzania, was dogged by anti-mining legislation introduced by the Tanzanian government.

But with a new government appearing more mining friendly (at least for now) along with the uptake in electric vehicles more visible than it was prior to COVID, investors heavily bought into Evolution upon debut.

On the flip side, biotech Tissue Repair (ASX:TRP) dropped 40% when it listed yesterday.

This company is focused on developing advanced wound healing technology and plans to commence Phase III clinical trials next year.

Looking at the entire tally of 2021 ASX IPOs, Kuniko (ASX:KNI) sits firmly on top with a gain of over 700% followed by 92 Energy (ASX:92E) which is up 248%.
 

Here’s the complete tally of 2021’s ASX IPOs so far…

Upcoming listings

One company set to be added to the 2021 ASX IPO tally today is infrastructure services provider Ventia Services (ASX:VNT) which is raising over $400 million, making it one of the biggest IPOs this year.

Looking further ahead, there are still dozens of listings to come in the last few weeks of the year, many of which are resources.

One is 8 AU (ASX:8AU) which is listing on December 3 and will be led by Bryan Frost who once headed De Grey Mining (ASX:DEG).

Elsewhere, one of the more notable is Alloggio Group (ASX:ALO) which is listing on November 29.

Alloggio provides short term rental accomodation with a portfolio of 879 holiday properties and 13 mid-market hotels. It would only be the second listing this year to offer direct exposure to the travel industry but the first – Camplify (ASX:CHL) – has more than tripled since listing.

Another notable upcoming listing one is Paul Hopper’s latest cancer fighting venture – Radiopharm Theranostics (ASX:RAD) – which is due to list on November 25.

Hydration Pharmaceuticals (ASX:HPC), a company which manufactures rehydration electrolyte products, is listing on December 9.