It’s been a bumper 2021 for ASX IPOs but it is far from over with several big listings to come in the last quarter.

So far in 2021, 131 companies have listed, a figure that includes Listed Investment Companies and spin-offs but excludes reverse takeovers.

The average performance is a gain of 25% and the top performer is Kuniko (ASX:KNI) which has gained over 800%. The worst is HR tech company Hiremii (ASX:HMI) which has retreated 60%.

Here’s a list of 2021’s ASX IPOs and how much they’ve gained or lost:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop. 

 

The biggest upcoming IPOs before Christmas

Last year only saw 66 companies list with the bulk of them coming to the bourse in the December quarter. While this year’s pre-Christmas rush may account for a smaller portion of the entire year’s listing, it is nonetheless set to be a cracker.

While hardly any of last year’s new listees were multi-billion dollar companies, that is set to change.

Leading the charge will be Florida asset manager GQG which opened its offer at the end of last week and is set to list on the last trading day of the month – October 29. It is set to have a market capitalisation of over $6.5 billion.

Also listing by October’s end will be RAM Essential Services Property Fund which is seeking over $350 million. While real estate trust listings have been few and far between in recent years, they have tended to perform well.

Other notable listees include underwear manufacturer Step One and neobank Judo Bank.

While several other neobanks have failed or not lived up to their full potential, SME-focused Judo has managed to survive and is seeking over $600 million in a deal that could see it capitalised at over $2.3 billion.

 

Small cap IPOs listing before Christmas

Of course there are a number of curious deals in the smaller cap space too.

Cannabis IPOs have been few and far between in the past two years but CBD oil retailer Dragonfly Biosciences, due for listing on October 20, is set to duck the trend.

Another is Racing and Sports which will be the latest sports betting stock targeting the US market.

PointsBet (ASX:PBH) and BlueBet (ASX:BBT), the two most recent listees, have both performed very well since listing – enabled by the gradual legalisation of sports betting across US states.

While this company is an indirect player in the sense it powers the data flows behind the operators – as opposed to providing the actual service -Racing and Sport boss Stephen Crispe told Stockhead it was a major opportunity in the USA and was being well received by investors.

“I think it’ll be like the new gold rush in the industry because of the size of the market over there,” he said.

“I think they [investors] like the fact that we’ve been around such for a long time and it’s quite a diverse business.”

In resources, the majority of listees are microcap explorers but one exemption will be Austral Resources (ASX:AR1). This Queensland copper play is almost at the production stage and hopes its IPO will help make its dreams a reality.