IPO Watch: As the Class of 2021 grew to a century, these two recent lithium IPOs gained over 250pc
IPO Watch
IPO Watch
For the first time in several months, the list of top winners among ASX IPOs in 2021 looks a little different, all thanks to two recent lithium listees.
For much of 2021 the top stocks have included Pentanet (ASX:5GG) and Firebird Metals (ASX:FRB).
But now the top spot belongs to Charger Metals (ASX:CHR), up 272% since listing, followed by Balkan Mining & Metals (ASX:BMM) which is up 260%. Both are lithium explorers that only made their ASX IPO in July.
Charger actually had a muted start to listed life but shares have taken off in the last two weeks since New York based fundie Lind Partners bought into the company.
As for Balkan it is about to drill at its ‘Rekovac’ lithium project in Serbia.
In third is Australian Rare Earths (ASX:AR3) which also listed in July and is up 226%.
This company’s Koppamurra project in South Australia and Victoria is Australia’s largest ionic clay hosted rare earth element (REE) deposit as well as one of only two exchange listed opportunities globally.
Pentanet and Firebird make up fourth and fifth and only two other stocks have gained over 100%. One of these is another ASX lithium IPO in Global Lithium (ASX:GL1); the other is Peregrine Gold (ASX:PGD).
The average return on ASX IPOs in 2021 is currently 14%, an improvement on the 8% average return two weeks ago but still below last year’s average return which was 42%.
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Code | Company | Listing Price | Current Price | % | Sector |
---|---|---|---|---|---|
TRU | Truscreen | 0.065 | 0.06 | -8 | Health |
TRN | Torrens Mining | 0.2 | 0.195 | -2 | Resources |
CHM | Chimeric Therapeutics | 0.2 | 0.35 | 75 | Health |
FLX | Felix Group | 0.3 | 0.23 | -24 | Tech |
AGC | Australian Gold & Copper | 0.2 | 0.145 | -28 | Resources |
5GG | Pentanet | 0.25 | 0.65 | 160 | Tech |
M24 | Mamba Exploration | 0.2 | 0.185 | -8 | Resources |
OZM | OzAurum Resources | 0.25 | 0.135 | -46 | Resources |
BEX | Bike Exchange | 0.26 | 0.2 | -24 | Tech |
MFB | My Food Bag | 1.85 | 1.24 | -33 | Consumer |
3MF | 3D Metalforge | 0.2 | 0.135 | -33 | Industrial |
EZZ | EZZ Life Science | 0.5 | 0.43 | -14 | Consumer |
NNG | Nexion | 0.2 | 0.185 | -8 | Tech |
SHG | Singular Health | 0.2 | 0.265 | 33 | Health |
DDH | DDH Drill | 1.1 | 1.12 | 2 | Industrial |
GEN | Genmin | 0.34 | 0.24 | -30 | Resources |
BMO | Baston Minerals | 0.2 | 0.17 | -15 | Resources |
AWJ | Auric Mining | 0.25 | 0.14 | -44 | Resources |
MM8 | Medallion Metals | 0.2 | 0.205 | 3 | Resources |
ART | Airtasker | 0.65 | 0.975 | 50 | Tech |
MPA | Mad Paws | 0.2 | 0.16 | -20 | Tech |
KCC | Kincora Copper | 0.2 | 0.23 | 15 | Resources |
PGD | Peregrine Gold | 0.2 | 0.41 | 105 | Resources |
LGL | Lynch Group | 3.6 | 3.66 | 2 | Industrial |
TG1 | TechGen Metals | 0.2 | 0.18 | -10 | Resources |
DEL | Delorean | 0.2 | 0.24 | 20 | Energy |
ILA | Island Pharmaceuticals | 0.2 | 0.36 | 80 | Health |
PHL | Propell | 0.2 | 0.12 | -40 | Tech |
ICL | Iceni Gold | 0.2 | 0.1825 | -9 | Resources |
FRB | Firebird Meta | 0.2 | 0.5 | 150 | Resources |
LFS | Latitude Group | 2.6 | 2.43 | -7 | Financial |
PWR | Peter Warren | 2.9 | 3.41 | 18 | Consumer |
MKL | Mighty Kingdom | 0.3 | 0.14 | -54 | Tech |
MLG | MLG | 1 | 0.865 | -14 | Resources |
BCA | Black Canyon | 0.2 | 0.215 | 8 | Resources |
ALB | Albion Resources | 0.2 | 0.175 | -12 | Resources |
QML | Qmines | 0.2 | 0.36 | 80 | Resources |
GL1 | Global Lithium | 0.2 | 0.405 | 103 | Resources |
NKL | Nickelx | 0.2 | 0.22 | 10 | Resources |
HMI | Hiremii | 0.2 | 0.088 | -56 | Tech |
EPX | EPT Global | 0.2 | 0.16 | -20 | Tech |
A8G | Austalasian Gold | 0.2 | 0.14 | -30 | Resources |
DGL | DGL Group | 1.21 | 1.92 | 59 | Industrial |
PPM | Pepper Money | 2.89 | 2.6 | -10 | Financial |
AUA | Audeara | 0.2 | 0.095 | -53 | Tech |
JNO | Juno | 0.25 | 0.185 | -26 | Resources |
ACL | Au Clinical Labs | 4 | 4.22 | 6 | Health |
KED | Keypath Education | 3.71 | 3.6 | -2 | Tech |
TRJ | Trajan | 1.7 | 3.02 | 78 | Health |
FOS | FOS Capital | 0.25 | 0.22 | -12 | Industrial |
AGN | Argenica Theraprutics | 0.2 | 0.2 | 0 | Health |
SB2 | Salter Brothers | 1 | 0.9 | -10 | Financial |
LM8 | Lunnon Metals | 0.3 | 0.53 | 77 | Resources |
HIQ | HitIQ | 0.2 | 0.16 | -20 | Tech |
FG1 | Flynn Gold | 0.2 | 0.15 | -25 | Resources |
CDR | Codrus Minerals | 0.2 | 0.17 | -15 | Resources |
AM7 | Arcadia Minerals | 0.2 | 0.185 | -8 | Resources |
BGD | Barton Gold | 0.25 | 0.175 | -30 | Resources |
WAR | WAM Strategic Value | 1.25 | 1.285 | 3 | Financial |
CHL | Campify | 1.42 | 1.385 | -3 | Tech |
POL | Polymetals Resources | 0.2 | 0.14 | -30 | Resources |
AR3 | Aust Rare | 0.3 | 0.98 | 226 | Resources |
29M | 29Metals | 2 | 2.42 | 21 | Resources |
PEX | Pexa | 17.13 | 16.98 | -1 | Tech |
NXG | Nex Gen Energy | 5.6 | 5.4 | -4 | Energy |
BBT | Bluebet | 1.14 | 2.01 | 76 | Consumer |
LDR | Lode Resources | 0.2 | 0.13 | -35 | Resources |
TBN | Tamboran Resources | 0.4 | 0.32 | -20 | Resources |
OZZ | Ozz Resources | 0.2 | 0.155 | -18 | Resources |
LDX | Lumos Diagnostics | 1.25 | 1.24 | -1 | Health |
MMG | Monger Gold | 0.2 | 0.25 | 25 | Resources |
BTN | Butn | 0.5 | 0.48 | -4 | Tech |
AS2 | Askari Metals | 0.2 | 0.21 | 5 | Resources |
PGO | Pac Gold | 0.25 | 0.235 | -6 | Resources |
LKY | Locksley Resources | 0.2 | 0.17 | -15 | Resources |
BUR | Burley Minerals | 0.2 | 0.34 | 70 | Resources |
SLH | Silk Logistics | 2 | 2.45 | 23 | Industrial |
CHR | Charger Metals | 0.2 | 0.745 | 272 | Resources |
DRA | DRA Global | 3.95 | 3.65 | -8 | Industrial |
AE1 | Aerison | 0.2 | 0.235 | 18 | Industrial |
RBX | Resource Base | 0.2 | 0.17 | -15 | Resources |
IND | Industrial Minerals | 0.2 | 0.28 | 40 | Resources |
MTM | Mt Monger Resources | 0.2 | 0.235 | 18 | Resources |
BBM | Balkan Mining | 0.2 | 0.72 | 260 | Resources |
92E | 92Energy | 0.2 | 0.245 | 23 | Energy |
WMG | Western Mines | 0.2 | 0.195 | -2 | Resources |
GFN | Gefen | 1 | 0.735 | -27 | Tech |
OPN | OpenNegotiation | 0.2 | 0.25 | 25 | Tech |
BDX | BCAL Diagnostics | 0.25 | 0.16 | -36 | Health |
1VG | Victory Goldfields | 0.2 | 0.2 | 0 | Resources |
NOL | Nobleoak Life | 1.95 | 2.1 | 8 | Financial |
WGR | Western Gold Resources | 0.2 | 0.225 | 13 | Resources |
AQN | Aquirian | 0.2 | 0.19 | -5 | Resources |
BST | Best & Less | 2.16 | 2.53 | 17 | Consumer |
M3M | M3 Mining | 0.2 | 0.185 | -8 | Resources |
AII | Almonty Industries | 1 | 1 | 0 | Industrial |
E33 | East 33 | 0.2 | 0.2 | 0 | Consumer |
PFE | Pantera Minerals | 0.2 | 0.38 | 90 | Resources |
TMB | Tambourah Metals | 0.2 | 0.26 | 30 | Resource |
CNR | Cannon Resources | 0.2 | 0.295 | 48 | Resources |
G50 | Gold 50 | 0.2 | 0.25 | 25 | Resources |
Having seen the returns made by ASX lithium IPOs, you’re probably wanting to get onboard the next one.
Unfortunately there are no pure-play lithium explorers in the pipeline, according to the ASX.
The closest candidate is Li-S Energy (ASX:LIS) which is a lithium battery development company.
Also similar is Kuniko which is Vulcan’s (ASX:VUL) spin-off of its copper, nickel and cobalt assets in Norway, but it was heavily oversubscribed a couple of weeks ago.
Here’s a list of all upcoming listings…
Code | Company | Date | Price per share | Capital raised | Sector |
---|---|---|---|---|---|
ALV | Alvo Minerals | 24-Sep | 0.25 | $10m | Resources |
BMR | Ballymore Resources | 31-Aug | 0.2 | $11m | Resources |
BEZ | Besera Gold | 7-Sep | 0.2 | $12.5M | Resources |
CU6 | Clarity Pharmaceuticals | 25-Aug | 1.4 | $92.0M | Health |
CUS | Copper search | 9-Sep | 0.35 | $12m | Resources |
CPO | Culpeo | 24-Aug | 0.2 | $6m | Resources |
HCW | HealthCo Healthcare & Wellness REIT | 6-Sep | 2 | $650m | Property |
HVY | Heavy Minerals | 14-Sep | 0.2 | $5.5M | Resources |
IR1 | Iris Metals | 10-Sep | 0.2 | $7m | Resources |
KNI | Kuniko | 23-Aug | 0.2 | $7.9M | Resources |
KNB | Koonenberry Gold | 30-Aug | 0.2 | $10m | Resources |
LGM | Legacy Minerals | 26-Aug | 0.2 | $7m | Resources |
LIS | Li-S Energy | 30-Aug | 0.85 | $34m | Tech |
M2M | Mt Malcolm Mines | 8-Sep | 0.2 | $8m | Resources |
MMI | Midas Minerals | 7-Sep | 0.2 | $6m | Resources |
PFE | Pantera Minerals | 5-Aug | 0.2 | $7m | Resources |
PLG | Pearl Gull Iron | 6-Sep | 0.2 | $4m | Resources |
RRR | Revolver Resources | 23-Sep | 0.2 | $15m | Resources |
SSH | SSH Group | 17-Sep | 0.2 | $6.25M | Industrial |
SMS | Star Minerals | 16-Sep | 0.2 | $5m | Resources |
T3K | TEK-Ocean Group | 2-Sep | 0.5 | $8m | Energy |
W2V | Way 2 VAT | 7-Sep | 0.2 | $7m | Tech |
WC1 | West Cobar Metals | 1-Oct | 0.2 | $5.5M | Resources |
X2M | X2M Connect | 10-Sep | 0.25 | $8m | Tech |
Z2U | Zoom2u | 15-Sep | 0.2 | $8m | Tech |
The biggest is HealthCo Healthcare & Wellness REIT (ASX:HCW) which is raising $650 million and listing on September 6.
The next largest is Clarity Pharmaceuticals (ASX:CU6) which is a cancer fighting biotech, raising over $90 million.
One that may’ve caught your eye is Zoom2u (ASX:ASX:Z2U) which is pencilled in for September 15 in a deal spearheaded by Perennial and early Afterpay (ASX:APT) investors Cyan Asset Management.
The company has a software platform connecting customers and couriers that tracks and manages deliveries.
Another is Way2Vat (ASX:W2V) which is an Israeli-founded fintech that provides GST/VAT claim and return solutions.
It has been trying to list since prior to COVID-19 but is set to enter the bourse next month. Its backers include Regal Funds Management and Alex Waislitz’s Thorney Opportunities.