Newly-listed ASX stocks are struggling to make headway, with two thirds having lost ground since debut.

Even the highly anticipated $3 billion coal play Coronado (ASX:CRN) has failed to impress, not yet trading above its $4 IPO price.

Coronado — the biggest coal mining float since Yancoal Australia’s $1.5 billion listing in 2012 — claims to be the fifth biggest metallurgical (or coking) coal producer globally in 2017.

Metallurgical coal is a low-ash, low-sulphur and low-phosphorus coal that can be used to produce high-grade coking coal – an essential part of the steelmaking process.

But even the positive outlook for metallurgical coal demand has not helped stop Coronado losing nearly 18 per cent since it lit up the boards in October.

Fewer than 30 per cent of the 120 or so companies that have listed in the past year are trading above their issue prices.

>> Scroll down for a list of ASX IPOs from the past year or so, showing how they’ve performed since their debut

Who’s taking a dive

Kiwi soil tech business CropLogic (ASX:CLI) is still at the bottom of the list since its debut in September last year, wiping off nearly 87 per cent to trade at 2.7c.

Online share registry venture Registry Direct (ASX:RD1) has also failed to impress, sliding nearly 85 per cent to 3.1c.

Registry Direct targets public listed and unlisted companies, in a bid to nibble away at the market share of industry behemoths Computershare and Link Market Services.

The company’s chairman, Donald McLay, recently sold down his stake by a little over 2 per cent, pocketing $105,000 from the off-market sale.

Platinum explorer Podium Minerals (ASX:POD) and gold explorer Riversgold (ASX:RGL) have both tumbled around 62 per cent to trade at 7.5c and 7.6c respectively.

Podium, which listed in February, recently delivered a maiden resource for its Parks Reef project, but the news failed to excite investors.

The project hosts 340,000 ounces of combined platinum, palladium and gold, 14,300 tonnes of copper, and 11,400 tonnes of nickel.

Riversgold listed in October last year and is exploring for gold in Australia and Alaska.

Cyber security company WhiteHawk (ASX:WHK) is also struggling to gain traction despite recently being named the US government’s new cyber risk consultant.

WhiteHawk’s share price has dived 59 per cent to 8.2c since it listed in January.

The company is a cloud-based cyber security exchange platform that offers virtual consultations.

Who’s on a high 

Business software maker Cape Range (ASX:CAG) is still the top performing IPO, becoming a 10-bagger 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 $2.06.

3D printer Titomic (ASX:TTT) is also still enjoying massive gains, having advanced nearly 840 per cent since its debut in September last year.

Titomic listed after a $6.5m 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 $1.88.

China-focused retailer AuMake International (ASX:AU8) has rallied 250 per cent since its October 2017 debut.

AuMake posted increased sales and profit for the September quarter ahead of its launch into the milk formula market, expected later this year.

The company booked $10.1m in sales, up 43 per cent on the June quarter, and made gross profit of $1.8m, up 63pc on June’s $1.1m.

AuMake was last trading at about 28c.

Tando Resources (ASX:TNO), meanwhile, has advanced 167 per cent (it recently underwent a 4.62-for-1 share split) and is trading at about 11.5c.

The company, which made its ASX debut in November last year, is advancing its SPD project in South Africa towards a maiden JORC resource.

JORC refers to the mining industry’s official code for reporting exploration results, mineral resources and ore reserves, managed by the Australasian Joint Ore Reserves Committee.

Vanadium prices recently hit their highest point since 2005, punching through the $US20 ($27.73) per pound mark in September and have since rocketed past $US30 per pound — a 300 per cent increase just this year.

Gold play Saturn Metals (ASX:STN) is ahead 30 per cent since it lit up the boards and is trading around 26c.

Saturn, which was spun out of NSW-focused base metals explorer Peel Mining (ASX:PEX), listed in March after raising $7m in a heavily oversubscribed IPO.

The company is working to deliver a resource upgrade for its Apollo Hill gold project near Leonora in Western Australia.

Here’s a list of ASX IPOs from the past year or so:

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

ASX code Company Return on IPO price Price Nov 6 (intraday) IPO issue price Market Cap Listing date
CAG CAPE RANGE 9.3 2.06 0.2 171.5M Nov 30, 2017
TTT TITOMIC 8.375 1.875 0.2 239.7M Sep 21, 2017
MCA MURRAY COD AUSTR 2.6 0.18 0.05 68.8M Jan 30, 2017
AU8 AUMAKE INTERNATI 2.5 0.28 0.08 76.0M Oct 5, 2017
ADT ADRIATIC MET 2.15 0.63 0.2 81.7M May 1, 2018
TNO TANDO RESOURCES 1.67441860465 0.115 0.043 22.3M Nov 3, 2017
SMX SECURITY MATTERS 1.625 0.525 0.2 48.8M Oct 2018
KTD KEYTONE DAIRY CO 1.525 0.505 0.2 67.5M Jul 18, 2018
PPE PEOPLE INFRASTRU 1.04 2.04 1 131.3M Nov 22, 2017
EXL ELIXINOL GLOBAL 1.03 2.03 1 239.1M Jan 8, 2018
NWL NETWEALTH GROUP 0.951351351351 7.22 3.7 1.7B Nov 20, 2017
AGH ALTHEA GROUP HOL 0.9 0.38 0.2 77.3M Sep 21, 2018
CPV CLEARVUE TECHNOL 0.825 0.365 0.2 32.6M May 25, 2018
5GN 5G NETWORKS 0.7 0.425 0.25 22.7M Nov 17, 2017
MRL MAYUR RESOURCES 0.675 0.67 0.4 100.6M Sep 21, 2017
RCL READCLOUD 0.55 0.31 0.2 27.1M Feb 7, 2018
EM2 EAGLE MOUNTAIN M 0.5 0.3 0.2 27.8M Mar 16, 2018
CXL CALIX 0.490566037736 0.79 0.53 97.1M Jul 20, 2018
GAS STATE GAS 0.45 0.29 0.2 33.7M Oct 10, 2017
S66 STAR COMBO PHARM 0.35 0.675 0.5 53.7M May 16, 2018
PYG PAYGROUP 0.3 0.65 0.5 33.6M May 29, 2018
STN SATURN METALS 0.3 0.26 0.2 14.6M Mar 9, 2018
TLX TELIX PHARMA 0.276923076923 0.83 0.65 171.9M Nov 15, 2017
CR1 CONSTELLATION RE 0.25 0.25 0.2 8.4M Jul 30, 2018
WGN WAGNERS HOLDING 0.228782287823 3.33 2.71 545.4M Dec 8, 2017
PVS PIVOTAL SYST-CDI 0.193548387097 2.22 1.86 246.4M Jul 2, 2018
ROO ROOTS SUSTAI-CDI 0.15 0.23 0.2 14.4M Dec 7, 2017
HLA HEALTHIA 0.15 1.15 1 72.5M Sep 11, 2018
RCW RIGHTCROWD 0.116666666667 0.335 0.3 45.9M Sep 18, 2017
STG STRAKER 0.0993377483444 1.66 1.51 87.3M Oct 22, 2018
TGO TRIMANTIUM GROWT 0.08 1.08 1 120.0M Mar 16, 2018
CWX CARAWINE RESOURC 0.075 0.215 0.2 12.0M Dec 14, 2018
KRX KOPPAR RESOURCES 0.05 0.21 0.2 6.5M May 30, 2018
SCT SCOUT SECURITY L 0.05 0.21 0.2 22.8M Aug 25, 2017
OKR OKAPI RESOURCES 0 0.2 0.2 6.9M Sep 28, 2017
PKD PARKD 0 0.2 0.2 16.2M Dec 6, 2017
SP3 SPECTUR 0 0.2 0.2 11.5M Aug 1, 2017
TMR TEMPUS RESOURCES 0 0.2 0.2 7.3M Aug 15, 2018
PGX PRIMERO GROUP -0.0125 0.395 0.4 59.0M Jul 9, 2018
PFP PROPEL FUNERAL P -0.0222222222222 2.64 2.7 260.1M Nov 23, 2017
ID8 IDENTITII -0.0266666666667 0.73 0.75 23.2M Oct 17, 2018
NTD NATIONAL TYRE & -0.03 0.97 1 99.6M Dec 15, 2017
BAH BOJUN AGRICULTUR -0.0333333333333 0.29 0.3 35.2M Dec 1, 2017
NEW NEW ENERGY SOLAR -0.0466666666667 1.43 1.5 497.1M Dec 4, 2017
BC8 BLACK CAT SYNDIC -0.05 0.19 0.2 11.5M Jan 30, 2018
NES NELSON RESOURCES -0.05 0.19 0.2 7.8M Dec 7, 2017
DBF DUXTON BROADACRE -0.0666666666667 1.4 1.5 60.4M Feb 8, 2018
ARN ALDORO RESOURCES -0.075 0.185 0.2 6.4M Sep 11, 2018
SEC SPHERIA EMERGING -0.1 1.8 2 119.1M Dec 5, 2017
QEM QEM -0.1 0.18 0.2 6.3M Oct 19, 2018
A1C AIC RESOURCES -0.1 0.18 0.2 13.5M Dec 1, 2017
DXN DATA EXCHANGE NE -0.1 0.18 0.2 29.2M Apr 11, 2018
IXU IXUP -0.125 0.175 0.2 28.5M Nov 15, 2017
GAL GALILEO MINING L -0.15 0.17 0.2 20.5M May 29, 2018
RHY RHYTHM BIOSCIENC -0.15 0.17 0.2 17.6M Dec 7, 2017
TIN TNT MINES -0.15 0.17 0.2 5.2M Nov 3, 2017
WWG WISEWAY LOGISTICS -0.16 0.42 0.5 52M Oct 31, 2018
JLG JOHNS LYNG GROUP -0.16 0.84 1 186.4M Oct 26, 2017
RMY RMA GLOBAL -0.16 0.21 0.25 75.4M Jul 5, 2018
VEA VIVA ENERGY GROU -0.164 2.09 2.5 4.0B Jul 13, 2018
14D 1414 DEGREES -0.171428571429 0.29 0.35 48.3M Sep 21, 2018
BGT BIO-GENE TECH -0.175 0.165 0.2 21.7M Nov 29, 2017
NSB NEUROSCIENTIFIC -0.175 0.165 0.2 12.1M Jul 27, 2018
CRM CORONADO -0.1775 3.29 4 3B Oct 23, 2018
JAY JAYRIDE GROUP -0.2 0.4 0.5 30.3M Jan 29, 2018
SLZ SULTAN RESOURCES -0.2 0.16 0.2 5.1M Aug 16, 2018
AS1 ANGEL SEAFOOD HO -0.225 0.155 0.2 19.5M Feb 21, 2018
CP1 CANNPAL ANIMAL -0.225 0.155 0.2 14.4M Oct 25, 2017
EMN EURO MANGANE-CDI -0.230769230769 0.2 0.26 35.8M Oct 2018
JMS JUPITER MINES -0.2375 0.305 0.4 597.5M Apr, 2018
AR9 ARCHTIS -0.25 0.15 0.2 18.5M Sep 21, 2018
KWR KINGWEST RESOURC -0.25 0.15 0.2 7.6M Aug 24, 2018
RFR RAFAELLA RESOURCES -0.25 0.15 0.2 4M Jul 26, 2018
VEN VINTAGE ENERGY -0.25 0.15 0.2 39.6M Sep 17, 2018
ED1 EVANS DIXON -0.26 1.85 2.5 422.6M May 14, 2018
CRD CREDIBLE LAB -0.272727272727 0.88 1.21 229.3M Dec 8, 2017
ABR AMERICAN PAC -0.3 0.14 0.2 26.6M Jul 28, 2017
BCB BOWEN COKING COA -0.304347826087 0.016 0.023 9.2M Oct 10, 2017
B2Y BOUNTY MINING -0.342857142857 0.23 0.35 90.5M Jun 19, 2018
BDG BLACK DRAGON GOL -0.35 0.13 0.2 14.4M Aug 29, 2018
PRZ PARAZERO -0.35 0.13 0.2 11.4M Jun 18, 2018
WOA WIDE OPEN AGRICU -0.375 0.125 0.2 8.8M Jul 6, 2018
OGA OCEAN GROWN ABAL -0.38 0.155 0.25 27.0M Nov 14, 2017
LRM LUSTRUM MINERALS -0.4 0.12 0.2 4.2M Nov 15, 2017
MKG MAKO GOLD -0.4 0.12 0.2 7.6M Apr 16, 2018
VN8 VONEX -0.4 0.12 0.2 17.7M Jun 13, 2018
CG1 CARBONXT GROUP -0.414285714286 0.41 0.7 33.4M Jan 23, 2018
WND WINDLAB -0.4275 1.145 2 87.9M Aug 23, 2017
SIL SMILES INCLUSIVE -0.43 0.57 1 38.8M Apr 27, 2018
P2P P2P TRANSPORT -0.431818181818 0.75 1.32 62.4M Dec 13, 2017
MMM MARLEY SPOON -0.443661971831 0.79 1.42 91.4M Jul 2, 2018
TAO TAO COMMODITIES -0.45 0.11 0.2 3.4M Apr 16, 2018
KSS KLEOS SPACE SA -0.475 0.105 0.2 10.3M Aug 24, 2018
SIS SIMBLE SOLUTIONS -0.475 0.105 0.2 11.9M Feb 22, 2018
AX8 ACCELERATE RESOU -0.5 0.1 0.2 4.7M Feb 14, 2018
CM1 COOLGARDIE MINER -0.5 0.1 0.2 12.4M Aug 30, 2018
IHR INTELLIHR HOLDIN -0.5 0.15 0.3 15.8M Jan 23, 2018
BYH BRYAH RESOURCES -0.505 0.099 0.2 5.6M Oct 17, 2017
N27 NORTHERN COBALT -0.505 0.099 0.2 4.6M Sep 22, 2017
BEM BLACKEARTH MINER -0.515 0.097 0.2 5.9M Jan 2018
WML WOOMERA MINING L -0.515 0.097 0.2 10.9M Mar 5, 2018
NUS NUSANTARA RESOUR -0.52380952381 0.2 0.42 24.6M Aug 2, 2017
CY5 CYGNUS GOLD -0.535 0.093 0.2 5.6M Jan 15, 2018
GO2 GO2 PEOPLE -0.54 0.092 0.2 10.9M Oct 31, 2017
SWF SELFWEALTH -0.55 0.09 0.2 11.7M Nov 23, 2017
SDX SIENNA CANCER -0.575 0.085 0.2 22.7M Aug 3, 2017
NC6 NANOLLOSE -0.59 0.082 0.2 6.1M Oct 16, 2017
WHK WHITEHAWK -0.59 0.082 0.2 6.7M Jan 24, 2018
RGL RIVERSGOLD -0.62 0.076 0.2 6.7M Oct 10, 2017
POD PODIUM MINERALS -0.625 0.075 0.2 7.2M Feb 28, 2018
RZI RAIZ INVEST -0.627777777778 0.67 1.8 43.7M Jun 21, 2018
TIE TIETTO MINERALS -0.645 0.071 0.2 15.8M Jan 18, 2018
CCG COMMSCHOICE GROU -0.68 0.08 0.25 8.7M Dec 21, 2017
EN1 ENGAGE:BDR -0.735 0.053 0.2 15.1M Dec 14, 2017
FDX FRONTIER DIAMOND -0.78 0.044 0.2 10.3M Jan 5, 2018
RD1 REGISTRY DIRECT -0.845 0.031 0.2 4.0M Nov 1, 2017
CLI CROPLOGIC -0.865 0.027 0.2 3.3M Sep 12, 2017

 

Who’s next in line to make an ASX debut

Perth-based gold and lithium explorer Golden State Mining is set to ring the bell on Thursday, November 8 at 2pm AEDT.

The company announced on Tuesday it had been admitted to the “Official List” after raising around $4.6 million in its IPO.

EMvision Medical Devices has launched an IPO to raise up to $6m via the issue of shares at 25c each.

The company is developing medical imaging technology that utilises electromagnetic microwave energy to create images of the human brain and other organs.

Once its IPO is completed, which is penned in for November 14, EMvision will acquire the intellectual property to develop and commercialise the technology.

The company’s initial focus is neurological conditions, specifically stroke care due to the clinical need and potentially large commercial opportunity.

EMvision is aiming to list by the end of November under the ticker “EMV”.

Gold and copper play Norwest Minerals, which is aiming for a November 29 debut, just needs to get its spread of retail investors and looks set to close its IPO earlier than the mid-November deadline.

The company, which was spun out of battery metals-focused Australian Mines (ASX:AUZ), has already got its quota of institutional investors for its $6.6m IPO, which is being managed by Terrain Capital.

“It’s scheduled to close on the 15th of November, but I think we’re likely to close early with the rate at which subscribers are coming on to get the spread that we need,” Terrain Capital director Dominic Marinelli told Stockhead recently.

Cowan Lithium has extended the closing date of its $8m IPO until November 8 and is aiming to list by November 21.

The Perth-based company, which was spun out of Tawana Resources (ASX:TAW) earlier this year, has two main lithium projects, Cowan and Yallari, in the Eastern Goldfields of Western Australia plus an iron ore project in Liberia.

Perth-based gold and base metals explorer Caprice Resources is also delayed in making its ASX debut.

The company had been targeting a September listing on the back of $4.5m IPO, but has pushed the expected date to November 20.

Caprice has two projects in the Northern Territory and Western Australia.

Titanium Sands has raised the $6.6m it was targeting to relist on the ASX.

The explorer has been trying to relist since early April.

Earlier this year, Titanium Sands struck a deal to acquire Srinel Holdings Limited, which owns a high-grade ilmenite-leucoxene project on Mannar Island in northwest Sri Lanka.

Ilmenite is the main source of titanium dioxide (TiO2), which is used in paints, fabrics, plastics, paper, sunscreen, food and cosmetics.

Leucoxene is a fine, granular alteration product of titanium minerals. Although it is not a recognised mineral species, the name leucoxene has been applied to products with a TiO2 titanium content ranging from 70 per cent to 93 per cent.

Here’s a list of 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; due to list Nov 30 Coking coal $6m 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 Listing date extended to Nov 22 Copper, gold $7.8m 30c
Caprice Resources CRS Listing date extended to Nov 20 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
Cowan Lithium COW Spin-off from Tawana; Now due to list Nov 21 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
EMvision Medical Devices EMV Due to list Nov 30 Develops and commercialises medical imaging technology. $6m 25c
Expose Resources - Raising seed capital; aiming to list this year Gold $500k 10c
Fiji Kava FIJ Due to list Nov 29 Therapeutic goods company $5.2m 20c
Frugl Pre-IPO funding; planning listing Grocery price comparison tba -
GeoCrystal GDC Cancelled Diamonds $5-7m 20c
Golden State Mining GSM Offer closed; Due to list Nov 8 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
HeraMED HMD Offer closes Nov 16; Due to list Dec 4 At-home pregnancy monitoring tech start-up $6m 20c
International Cobalt Resources ICR Offer closes Oct 11; Due to list Oct 22 Cobalt, nickel, gold $5-6m 30c
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
METALS 479 ML7 Cancelled Silver $5-7m -
Moho Resources MOH Was due to list Sep 29 Gold, nickel, copper $4.5-6m 20c
Montem Resources MR1 Offer extended to Nov 21; Now due to list Dec 4 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 Cancelled 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 -
Power Asia Limited P88 Offer extended Renewable energy $9m 20c
Prospa PGL Postponed Small business loans $146m 3.64
Rolek Resources RLK Backdoor listing via Shaw River (ASX:SRR); Listing scheduled for late December Manganese $5m 2c
Rong Yu Pharma RY8 Delayed Traditional Chinese Medicine $14-20m 20c
Secure2Go Group S2G Postponed indefinitely Cyber security $4-5m 30c
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
Tartana Resources - IPO suspended due to ASIC query Zinc, copper $5-6m -
Trigg Mining TMG Postponed indefinitely Potash $4-6m -
Tymlez Group TYM Due to list Dec 7 Blockchain $8m 22c
Universal Biosecurity UBL Delayed Safe pest control $5m 20c
XS Resources XS1 Due to list Nov 29 Precious, base metals $4.5m 20c
Yandal Resources YRL IPO due to close Dec 3; Due to list Dec 19 Gold $5m 20c
Zaige Waste Management ZGZ Delayed China-based recycling $14-20m 0.2