IPO Watch: ASX IPOs in 2020 up 42 per cent on average; here are the top performers
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2020 has seen 66 ASX IPOs which have gained 42 per cent on average since debut.
Forty-two of the 2020’s 66 ASX IPOs (64 per cent) are in positive territory while two are at parity with their listing prices. Twenty-two are down.
Twelve stocks have gained 100 per cent or more and four of those have more than tripled since listing.
The solid performance of ASX IPOs in 2020 occurred despite only a handful of companies listing prior to COVID-19 and the drying up on the IPO market for several weeks at the height of restrictions.
Today – Wednesday December 30 – saw the last ASX IPO of 2020 in BPM Minerals (ASX:BPM) which gained 25 per cent on debut.
Here’s how 2020’s ASX IPOs have performed (data excludes reverse takeovers):
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Of the 12 ASX IPOs that gained 100 per cent or more, half of them came from the resources sector, particularly from gold.
Mining services company Dynamic Drill & Blast (ASX:DDB) has also gained from the resources boom, rising 150 per cent.
The worst performing ASX IPO in 2020 is cannabis data stock Emerald Clinics (ASX:EMD) which has more than halved.
2020’s three buy now pay later IPOs are surprise inclusions on the laggards list.