The ASX had a busier-than-usual third quarter for IPOs — recording an increase in float activity compared to the prior quarter and the same period last year.

In the September quarter there were 28 IPOs raising $US2.4 billion ($3.3 billion), according to consultancy EY.

IPO volume in the third quarter was much higher than the previous quarter and significantly higher than the same quarter of 2017.

But, the year-to-date volume was lower than last year.

In the first nine months of the year, there were 63 IPOs accounting for about $US4 billion. For all of 2017 there were 96 IPOs.

“In a normally quiet quarter, Asia-Pacific experienced some exciting IPO activity, led by Greater China and Australia,” EY Asia-Pacific IPO leader Ringo Choi said.

“Geopolitical uncertainties, ongoing trade tensions and the potential impact of the interest rate cycle are propelling companies, particularly in greater China, to get their IPOs to the public markets faster in an effort to take advantage of current valuations.”

Best performing IPOs over the past year

While IPO activity may be on the rise, unfortunately not all that have made their debut in the past year have done so well.

Only about a third of recent ASX entrants have gained ground since listing.

Here’s a list of 110 ASX IPOs from the past year or so, showing how they’ve performed since their debut:

Swipe or scroll to reveal full table. Click headings to sort

ASX code Company Price change since listing Price Oct 2 (intraday) Issue price Listing date Market Cap
CAG CAPE RANGE 6.95 1.59 0.2 Nov 30, 2017 129.7M
TTT TITOMIC 6.925 1.585 0.2 Sep 21, 2017 105.1M
AU8 AUMAKE 3 0.32 0.08 Oct 5, 2017 85.5M
MCA MURRAY COD 2.4 0.17 0.05 Jan 30, 2017 68.8M
TNO TANDO RESOURCES 2.25581395349 0.14 0.043 Nov 3, 2017 26.1M
KTD KEYTONE DAIRY 2.175 0.635 0.2 Jul 18, 2018 96.8M
AGH ALTHEA 1.85 0.57 0.2 Sep 21, 2018 116.9M
CPV CLEARVUE TECH 1.725 0.545 0.2 May 25, 2018 52.3M
ADT ADRIATIC METALS 1.3 0.46 0.2 May 1, 2018 62.8M
PPE PEOPLE INFRASTRUCTURE 1.16 2.16 1 Nov 22, 2017 139.7M
NWL NETWEALTH 1.15540540541 7.975 3.7 Nov 20, 2017 1.9B
EXL ELIXINOL GLOBAL 0.98 1.98 1 Jan 8, 2018 205.9M
5GN 5G NETWORKS 0.96 0.49 0.25 Nov 17, 2017 23.7M
RCL READCLOUD 0.925 0.385 0.2 Feb 7, 2018 33.7M
EM2 EAGLE MOUNTAIN 0.775 0.355 0.2 Mar 16, 2018 29.6M
MRL MAYUR RES 0.75 0.7 0.4 Sep 21, 2017 107.4M
S66 STAR COMBO PHARMA 0.74 0.87 0.5 May 16, 2018 70.8M
WGN WAGNERS 0.623616236162 4.4 2.71 Dec 8, 2017 710.1M
PVS PIVOTAL SYSTEMS 0.58064516129 2.94 1.86 Jul 2, 2018 316.3M
ROO ROOTS SUSTAINABLE 0.5 0.3 0.2 Dec 7, 2017 18.6M
PYG PAYGROUP 0.44 0.72 0.5 May 29, 2018 38.2M
CXL CALIX 0.415094339623 0.75 0.53 Jul 20, 2018 92.2M
CR1 CONSTELLATION RESOURCES 0.4 0.28 0.2 Jul 30, 2018 9.8M
RCW RIGHTCROWD 0.333333333333 0.4 0.3 Sep 18, 2017 53.3M
SCT SCOUT SECURITY 0.325 0.265 0.2 Aug 25, 2017 27.6M
TMR TEMPUS RESOURCES 0.3 0.26 0.2 Aug 15, 2018 174.1M
TLX TELIX PHARMA 0.253846153846 0.815 0.65 Nov 15, 2017 9.7M
STN SATURN METALS 0.25 0.25 0.2 Mar 9, 2018 14.0M
SP3 SPECTUR 0.225 0.245 0.2 Aug 1, 2017 12.8M
VEN VINTAGE ENERGY 0.225 0.245 0.2 Sep 17, 2018 64.1M
HLA HEALTHIA 0.22 1.22 1 Sep 11, 2018 75.6M
CWX CARAWINE RES 0.2 0.24 0.2 Dec 14, 2018 13.4M
KRX KOPPAR RESOURCES 0.175 0.235 0.2 May 30, 2018 7.5M
NTD NATIONAL TYRE 0.17 1.17 1 Dec 15, 2017 119.7M
TGO TRIMANTIUM GROWTHOPS 0.11 1.11 1 Mar 16, 2018 123.3M
GAL GALILEO MINING 0.075 0.215 0.2 May 29, 2018 25.9M
PFP PROPEL FUNERAL 0.0333333333333 2.79 2.7 Nov 23, 2017 272.9M
PGX PRIMERO GROUP 0.025 0.41 0.4 Jul 9, 2018 62.0M
14D 1414 DEGREES 0 0.35 0.35 Sep 12, 2018 63.8M
ARN ALDORO RES 0 0.2 0.2 Sep 11, 2018 6.9M
DBF DUXTON BROADACRE 0 1.5 1.5 Feb 8, 2018 64.7M
IXU IXUP 0 0.2 0.2 Nov 15, 2017 31.7M
SIL SMILES INCLUSIVE -0.025 0.975 1 Apr 27, 2018 57.4M
SLZ SULTAN RESOURCES -0.025 0.195 0.2 Aug 16, 2018 6.2M
BAH BOJUN AGRICULTURE -0.0333333333333 0.29 0.3 Dec 1, 2017 35.2M
NEW NEW ENERGY SOLAR -0.0366666666667 1.445 1.5 Dec 4, 2017 505.4M
RMY RMA GLOBAL -0.04 0.24 0.25 Jul 5, 2018 88.3M
OKR OKAPI RESOURCES -0.05 0.19 0.2 Sep 28, 2017 6.9M
SEC SPHERIA EMERGING -0.0525 1.895 2 Dec 5, 2017 123.4M
DXN DATA EXCHANGE -0.075 0.185 0.2 Apr 11, 2018 32.8M
G1A GALENA MINING -0.075 0.185 0.2 Sep 7, 2017 62.3M
TIN TNT MINES -0.075 0.185 0.2 Nov 3, 2017 5.8M
BC8 BLACK CAT -0.1 0.18 0.2 Jan 30, 2018 10.0M
KWR KINGWEST RESOURCES -0.1 0.18 0.2 Aug 24, 2018 8.9M
VEA VIVA ENERGY -0.102 2.245 2.5 Jul 13, 2018 4.4B
B2Y BOUNTY MINING -0.114285714286 0.31 0.35 Jun 19, 2018 105.2M
JLG JOHNS LYNG GROUP -0.12 0.88 1 Oct 26, 2017 195.3M
A1C AIC RESOURCES -0.15 0.17 0.2 Dec 1, 2017 12.8M
JMS JUPITER MINES -0.15 0.34 0.4 Apr, 2018 666.1M
PRZ PARAZERO -0.15 0.17 0.2 Jun 18, 2018 14.9M
PKD PARKD -0.15 0.17 0.2 Dec 6, 2017 12.8M
RFR RAFAELLA RES -0.15 0.17 0.2 Jul 26, 2018 $5M
GAS STATE GAS -0.15 0.17 0.2 Oct 10, 2017 22.9M
CRD CREDIBLE LABS -0.173553719008 1 1.21 Dec 8, 2017 263.5M
CG1 CARBONXT GROUP -0.185714285714 0.57 0.7 Jan 23, 2018 42.0M
ED1 EVANS DIXON -0.188 2.03 2.5 May 14, 2018 463.7M
JAY JAYRIDE GROUP -0.2 0.4 0.5 Jan 29, 2018 31.0M
CP1 CANNPAL ANIMAL -0.2 0.16 0.2 Oct 25, 2017 14.9M
NSB NEUROSCIENTIFIC BIOPHARMA -0.2 0.16 0.2 Jul 27, 2018 11.8M
TAO TAO COMMODITIES -0.2 0.16 0.2 Apr 16, 2018 4.9M
WND WINDLAB -0.225 1.55 2 Aug 23, 2017 103.1M
BDG BLACK DRAGON -0.225 0.155 0.2 Aug 29, 2018 12.9M
ABR AMERICAN PACIFIC -0.25 0.15 0.2 Jul 28, 2017 29.5M
AS1 ANGEL SEAFOOD -0.25 0.15 0.2 Feb 21, 2018 18.9M
AR9 archTIS -0.25 0.15 0.2 Sep 21, 2018 20.3M
RHY RHYTHM BIOSCIENCES -0.25 0.15 0.2 Dec 7, 2017 15.1M
WOA WIDE OPEN AGRICULTURE -0.25 0.15 0.2 Jul 6, 2018 10.6M
MMM MARLEY SPOON -0.260563380282 1.05 1.42 Jul 2, 2018 $121M
NES NELSON RESOURCES -0.275 0.145 0.2 Dec 7, 2017 6.9M
SIS SIMBLE SOLUTIONS -0.275 0.145 0.2 Feb 22, 2018 15.5M
OGA OCEAN GROWN ABALONE -0.28 0.18 0.25 Nov 14, 2017 31.3M
BCB BOWEN COKING COAL (RTO) -0.304347826087 0.016 0.023 Oct 10, 2017 9.2M
BEM BLACKEARTH -0.325 0.135 0.2 Jan, 19 2018 8.2M
LRM LUSTRUM MINERALS -0.325 0.135 0.2 Nov 15, 2017 4.8M
IHR INTELLIHR -0.333333333333 0.2 0.3 Jan 23, 2018 20.9M
BGT BIO-GENE TECH -0.375 0.125 0.2 Nov 29, 2017 16.6M
MKG MAKO GOLD -0.375 0.125 0.2 Apr 16, 2018 7.9M
N27 NORTHERN COBALT -0.375 0.125 0.2 Sep 22, 2017 6.4M
KSS KLEOS SPACE -0.4 0.12 0.2 Aug 24, 2018 14.4M
VN8 VONEX -0.4 0.12 0.2 Jun 13, 2018 18.4M
P2P P2P TRANSPORT -0.405303030303 0.785 1.32 Dec 13, 2017 65.7M
RZI RAIZ INVEST -0.444444444444 1 1.8 Jun 21, 2018 66.2M
AX8 ACCELERATE RES -0.45 0.11 0.2 Feb 14, 2018 5.2M
NC6 NANOLLOSE -0.45 0.11 0.2 Oct 16, 2017 8.2M
BYH BRYAH RESOURCES -0.475 0.105 0.2 Oct 17, 2017 5.9M
CM1 COOLGARDIE MINERALS -0.475 0.105 0.2 Aug 30, 2018 10.9M
SWF SELFWEALTH -0.505 0.099 0.2 Nov 23, 2017 12.8M
CCG COMMSCHOICE -0.52 0.12 0.25 Dec 21, 2017 13.1M
GO2 GO2 PEOPLE -0.525 0.095 0.2 Oct 31, 2017 11.2M
RGL RIVERSGOLD -0.55 0.09 0.2 Oct 10, 2017 7.5M
TIE TIETTO MINERALS -0.565 0.087 0.2 Jan 18, 2018 18.9M
CY5 CYGNUS GOLD -0.57 0.086 0.2 Jan 15, 2018 5.3M
NUS NUSANTARA RESOURES -0.571428571429 0.18 0.42 Aug 2, 2017 22.2M
SDX SIENNA CANCER -0.575 0.085 0.2 Aug 3, 2017 22.7M
WML WOOMERA MINING -0.605 0.079 0.2 Mar 5, 2018 8.9M
EN1 ENGAGE:BDR -0.705 0.059 0.2 Dec 14, 2017 16.8M
POD PODIUM MINERALS -0.74 0.052 0.2 Feb 28, 2018 5.0M
WHK WHITEHAWK -0.78 0.044 0.2 Jan 24, 2018 3.3M
FDX FRONTIER DIAMOND -0.805 0.039 0.2 Jan 5, 2018 8.9M
CLI CROPLOGIC -0.875 0.025 0.2 Sep 12, 2017 3.2M
RD1 REGISTRY DIRECT -0.88 0.024 0.2 Nov 1, 2017 3.1M

Euro Manganese (ASX:EMN) is the latest explorer to light up the ASX, making its debut on Tuesday at a 25 per cent premium to its 26c issue price.

The company hit an intra-day high of 32.5c on the trade of 470,645 shares worth $139,900.

Euro Manganese is the first to dual list in Australia and Canada at the exact same time.

“What we did here was unprecedented,” chief Marco Romero told Stockhead following its debut on Tuesday.

“No company has ever listed at the same time in Australia and in Canada. This is the first ever dual IPO.”

Euro Manganese’s core business — and current ‘sole focus’ — is the development of its Chvaletice manganese project, in the small town of Chvaletice in the Czech Republic.
Manganese is the fourth-most-traded metal in the world. Only aluminium, iron ore and copper are more widely used.

About 90 per cent of manganese goes into steel-making, but it’s increasingly used in next-generation battery and power storage applications.

Mr Romero predicts there will be a “very significant increase” in demand largely due to the rapid growth in the electric vehicle market.

“Manganese has long been neglected as a battery raw material, which it is very clearly so and has been for a very long time in fact,” he said.

“We have the opportunity to bring to market a strategic alternative or complement to existing production just at a time when there is explosive demand growth emerging, particularly from the automotive industry that is rapidly electrifying all over the world and particularly in Europe.”

Business software maker Cape Range (ASX:CAG) has been by far the best performing IPO, gaining 695 per cent since it listed in late November last year.

After doing nothing following its debut at 20c, the stock suddenly took off at the start of July and landed itself a please explain from the ASX over the sudden share price spike that eventually took it to a new high of $2.25.

It is currently trading at $1.59.

3D printer Titomic (ASX:TTT) is also a seven-bagger since it listed in September last year.

Titomic listed after a $6.5 million IPO with a vision to build the world’s biggest and fastest metal 3D printer.

It launched that printer in Melbourne in May. Titomic was last trading around $1.59 as well.

Telix Pharmaceuticals (ASX:TLX) is up 308 per cent at almost 82c. The company debuted on the ASX last November in what was one of the biggest biotech IPOs in recent times.

Telix is pre-revenue but is bringing to market a late-stage pipeline of cancer drugs and diagnostic products, based on radiopharmaceuticals or molecularly-targeted radiation.

Of the resources players, Tando Resources (ASX:TNO) has advanced 226 per cent (it recently underwent a 4.62-for-1 share split) and is trading at about 14c.

The company, which made its ASX debut in November last year, just completed the acquisition of the SPD vanadium project in South Africa.

Vanadium prices recently hit their highest point since 2005, pushing through the magical $US20/lb ($27.56) mark amid ongoing supply concerns.

Eagle Mountain Mining (ASX:EM2) has also been a top performer with its share price appreciating 77.5 per cent to 35.5c.

The explorer hit the ASX on March 16 after completing a $12.5 million raising to fund its hunt for gold and copper in the US.

Eagle Mountain has accumulated acreage along a 6km outcrop in the so-called Pacific Horizon prospect in Arizona.

Arizona is highly prospective for copper and has traditionally accounted for more than half of all of the copper produced in the US.

Brisbane-based, Papua New Guinea-focused Mayur Resources (ASX:MRL) has climbed 75 per cent since listing a year ago. It is now trading at 70c.

The company recently announced it had short-listed and was issuing tender documents to engineering, procurement and construction contractors for its Moresby lime and cement project – the first project of its kind in PNG.

The Moresby project is expected to produce 250,000 tonnes of quicklime (used in steelmaking) and 1.5 million tonnes of cement.

Which IPOs are next in line to make an ASX debut

Here’s a list of 55 upcoming IPOs:

Swipe or scroll to reveal full table. Click headings to sort

Company ASX code IPO status Focus Fund raising Issue price
3G Coal 3GC Offer open Oct 3 to Nov 9 Coking coal $6m 20c
Althea AGH Offer open, due to list Sep 21 Cannabis $19.7m 20c
AMD Resources ADM Cancelled Gold, silver $22m 50c
Andes Resources - Planning IPO this year; prospectus not yet lodged Gold $3-5m -
archTIS AR9 Delayed; was due to list Aug 27 Data security $8-10m 20c
Awati Resources AWA Postponed Gold $4.5-5.5m 20c
Biomics Biopharma BBM Delayed multiple times China-based biotech $13-16m 20c
Candy Club - In pre-IPO rounds; considering float Subscription confectionary unknown -
Canterbury Resources CBY Due to list Oct 31 Copper, gold $7.8m 30c
Caprice Resources CRS Due to list Sep 26 Gold, base metals $4.5m 20c
Carnaby Resources - Prospectus not yet issued Gold unknown -
Centaur Resources CR3 Offer open Oct 4-25. Listing due Nov 6 Lithium and other battery metals $15m 20c
China Track CTC Delayed; was due to list Jun 11 Bulldozer parts $32-40m 80c
Coronado Coal CRN Due to list Oct 29 Coking coal $1.4bn $4 to $4.80
Cowan Lithium COW Spin-off from Tawana. Offer open Aug 30 to Sep 27; listing Oct 8 Lithium $6-8m 20c
EcoMag - Postponed until later in 2018 Magnesium $3-5m 20c
Eden Health ETK Was due to list Jul 11 Kiwi fruit-focused AgTech $15.6-20m 20c
Frugl Pre-IPO funding; planning listing Grocery price comparison tba -
GeoCrystal GDC Cancelled Diamonds $5-7m 20c
Golden State Mining GSM Offer open Sep 3-28; listing Oct 12 Gold $4.5-5.5m 20c
Haixi Pharma HXP Delayed multiple times China-based, pain relief biotech $25-30m 50c
Hao Xian Yang - - Beef, mutton and vegetarian meat $1-1.5m 20c
Healthia Was due to list on Sep 11 Podiatry $26.8m $1
International Cobalt Resources ICR Offer closes Oct 11; Due to list Oct 22 Cobalt, nickel, gold $5-6m 30c
Identitii ID8 Offer open Aug 16-31; listing due Sep 19 Blockchain $11m 75c
Jobstore Group JOB Offer closes Nov 13; due to list Dec 5 AI-powered recruitment $6.6-8m 20c
Kaiyun Holdings - Closing Oct 15; due to list Oct 29 on NSX China-focused copper and gold $3-4m 20c
Fiji Kava - Due to list in October Kava producer $5.2m 20c
METALS 479 ML7 Cancelled Silver $5-7m -
Moho Resources MOH Due to list Sep 29 Gold, nickel, copper $4.5-6m 20c
Montem Resources MR1 Due to list Sep 27 Canada-focused coking coal $15-20m 50c
Nanoveu NVU Offer closes Oct 19; Due to list Nov 1 3D image technology $4.5-6m 20c
Neuroscientific Biopharma NSB Was due to list in July Alzheimer’s $5-6m 20c
Nice-Vend Due to list Oct 2 Slushy machines $7.5m 20c
Nicheliving NLH Extended to Sep 14 Residential developer $5-12m 50c
Norwest Minerals NWM Spin-off from Australian Mines (ASX:AUZ) due to list Oct 29 Gold and base metals $6.6m 20c
Ocean Guardian OCG Cancelled Shark deterrent $5m -
PINCHme PIN Offer closes Oct 5; Due to list Oct 16 Data gathering $8m 50c
Power Asia Limited P88 Offer extended Renewable energy $9m 20c
Prospa PGL Postponed small business loans $146m 3.64
QEM QEM Closes Sep 10; was due to list Sep 20 Vanadium $5m 20c
Rolek Resources RLK Backdoor listing via Shaw River (ASX:SRR) Manganese $5m 2c
Rong Yu Pharma RY8 Delayed Traditional Chinese Medicine $14-20m 20c
Secure2Go Group S2G Postponed indefinitely Cyber security $4-5m 30c
Security Matters SMX Was due to list Sep 18 Blockchain $5-6.5m 20c
Shekel Brainweigh - Offer due to close Oct 12; Due to list Oct 26 Weighing technologies $10.15m 35c
Spreedbox SBX Cancelled Cloud computing $4.2-4.9m 20c
Stealth Global SGI Due to list Sep 19 Workplace product distributor $12.5m 20c
Stirfire SFS Cancelled Video games $5-7m 20c
Straker STG Offer open until Oct 11 Translation software $21.2m $1.51
Tartana Resources - IPO suspended due to ASIC query Zinc, copper $5-6m -
Trigg Mining TMG Postponed indefinitely Potash $4-6m -
Universal Biosecurity UBL Delayed Safe pest control $5m 20c
XS Resources XS1 Due to list Nov 29 Precious, base metals $4.5m 20c
Zaige Waste Management ZGZ Delayed China-based recycling $14-20m 0.2

Israeli slushy-machine maker Nice-Vend was due to ring the bell on Tuesday, but is yet to announce it has been admitted to the Official List.

Nice-Vend makes and sells vending machines — branded “quinzee machines” — that make slushies (or frozen soft drinks).

The next cab off the rank is Cowan Lithium, which is penned in for an October 8 listing.

The company was spun out of Tawana Resources (ASX:TAW) earlier this year and launched an IPO to raise $8 million selling shares at 20c each.

The Perth-based company has two main lithium projects, Cowan and Yallari, in the Eastern Goldfields of Western Australia plus an iron ore project in Liberia.

Following Cowan is gold explorer Golden State Mining, which is expecting to list on October 12.

Meanwhile, there have been several hold-ups of floats, largely due to a backlog at the ASX and ASIC issues.

Moho Resources was due to list before the end of September but says it now expects to list at the end of October.

Vanadium and oil shale play QEM was expecting to be listed by September 20, but is now thinking it will make its debut within the next month.

China Track, which makes replacement undercarriage parts for crawler-type of construction equipment, appears to have gone AWOL.

The company had been planning to list at the start of the year but its IPO was delayed.

However, attempts by Stockhead to contact the company were futile, with the company no longer having an active website and its phone number disconnected.