Pic: Getty
IPO Watch: By dollar value, October is already the biggest month in 2019 for ASX listings
IPO Watch
share
A total of 41 stocks have successfully completed a public listing in Australia this year.
And by the numbers, October has been a relatively busy month, with no less than five companies joining the ASX bourse.
Equipment services provider Mader Group (ASX:MAD) kicked things off on October 1, raising $50m from investors at $1 per share.
That was followed by Trigg Mining (ASX:TMG) and the launch of the latest investment trust from global fund manager Magellan, which raised $860m from investors.
Retail property group Home Consortium (ASX:HMC) and HR software company Damstra Holdings (ASX:DTC) rounded out the October listing activity.
HMC, the consortium which snapped up strategic retail sites left in the wake of Woolworths’ ill-fated foray into the hardware business, raised $325m at $3.35 per share
And combined with Magellan’s new trust, the amount of capital raised in October came in at $1.29bn — the highest monthly total of 2019.
It comfortably topped the second highest month in June, which had more activity with 10 listings that raised a total of $670m.
All up, companies have raised a total of $4.185 billion on the public markets this year, and since listing those companies have posted a healthy average return of 59.6 per cent.
That average is skewed somewhat by the big winners, with nine of the 41 stocks posting returns in excess of 100 per cent. Telecommunications company Uniti Wireless (ASX:UWL) easily kept its lead — it’s up 538.9 per cent at date of publication, since listing in February.
Here’s a performance rundown of this year’s ASX entrants:
Scroll or swipe to reveal table. Click headings to sort
| Listed date | ASX Code | Company | Funds raised ($M) | IPO Price | Price Oct 22 | % change |
|---|---|---|---|---|---|---|
| 02/19/2019 | CLB | Candy Club Holdings Ltd | 5.024 | 0.2 | 0.078 | -61.0% |
| 10/03/2019 | TMG | Trigg Mining Ltd | 4.500 | 0.2 | 0.1 | -50.0% |
| 08/27/2019 | APV | Appsvillage Australia Ltd | 5.000 | 0.2 | 0.115 | -42.5% |
| 05/23/2019 | PWL | Powerwrap Ltd | 17.432 | 0.35 | 0.23 | -34.3% |
| 05/10/2019 | 360 | Life360 Inc | 145.428 | 4.79 | 3.61 | -24.6% |
| 05/24/2019 | TIP | Teaminvest Private Group Ltd | 3.970 | 1 | 0.82 | -18.0% |
| 03/07/2019 | CBY | Canterbury Resources Ltd | 6.147 | 0.3 | 0.25 | -16.7% |
| 06/06/2019 | PKS | PKS Holdings Ltd | 16.130 | 0.2 | 0.19 | -5.0% |
| 10/11/2019 | MHH | Magellan High Conviction Trust | 861.814 | 1.5 | 1.49 | -0.7% |
| 06/11/2019 | PGL | Prospa Group Ltd | 109.756 | 3.78 | 3.76 | -0.5% |
| 09/26/2019 | PGG | Partners Group Global Income F | 550.000 | 2 | 2.04 | 2.0% |
| 04/29/2019 | MOT | MCP Income Opportunities Trust | 300.000 | 2 | 2.06 | 3.0% |
| 06/19/2019 | WSP | Whispir Ltd | 47.000 | 1.6 | 1.65 | 3.1% |
| 05/14/2019 | PCI | Perpetual Credit Income Trust | 440.000 | 1.1 | 1.135 | 3.2% |
| 05/07/2019 | MRZ | Mont Royal Resources Ltd | 5.000 | 0.2 | 0.21 | 5.0% |
| 02/14/2019 | A1G | African Gold Ltd | 4.500 | 0.2 | 0.21 | 5.0% |
| 10/01/2019 | MAD | Mader Group Ltd | 50.000 | 1 | 1.05 | 5.0% |
| 06/06/2019 | RLT | Renergen Ltd | 10.000 | 0.8 | 0.845 | 5.6% |
| 06/17/2019 | RF1 | Regal Investment Fund | 281.778 | 2.5 | 2.7 | 8.0% |
| 10/14/2019 | HMC | Home Consortium | 325.000 | 3.35 | 3.8 | 13.4% |
| 05/28/2019 | IAP | Investec stralia Property Fu | 101.538 | 1.32 | 1.55 | 17.4% |
| 06/14/2019 | VOL | Victory Offices Ltd | 30.000 | 2 | 2.43 | 21.5% |
| 04/30/2019 | PE1 | Pengana Private Equity Trust | 157.371 | 1.25 | 1.52 | 21.6% |
| 08/16/2019 | FCL | Fineos Corp Holdings PLC-CDI | 210.975 | 2.5 | 3.05 | 22.0% |
| 10/16/2019 | DTC | Damstra Holdings Pty Ltd | 49.322 | 0.9 | 1.16 | 28.9% |
| 04/17/2019 | RDY | Readytech Holdings Ltd | 50.000 | 1.51 | 1.95 | 29.1% |
| 07/05/2019 | IXC | Invex Therapeutics Ltd | 12.000 | 0.4 | 0.54 | 35.0% |
| 06/14/2019 | 2BE | Tubi Pty Ltd | 5.760 | 0.2 | 0.275 | 37.5% |
| 08/30/2019 | IMR | Imricor Medical Systems Inc | 13.000 | 0.83 | 1.21 | 45.8% |
| 02/22/2019 | MPH | Mediland Pharm Ltd | 12.553 | 0.2 | 0.305 | 52.5% |
| 08/22/2019 | OPC | OptiComm Ltd | 42.352 | 2 | 3.7 | 85.0% |
| 07/30/2019 | SZL | Sezzle Inc | 43.571 | 1.22 | 2.33 | 91.0% |
| 07/11/2019 | QFE | QuickFee Ltd | 13.500 | 0.2 | 0.4 | 100.0% |
| 06/12/2019 | PBH | PointsBet Holdings Pty Ltd | 75.000 | 2 | 4.5 | 125.0% |
| 06/07/2019 | VVA | Viva Leisure Ltd | 20.000 | 1 | 2.35 | 135.0% |
| 04/18/2019 | NXS | Next Science Ltd | 35.000 | 1 | 2.75 | 175.0% |
| 06/21/2019 | VGI | VGI Partners Ltd | 75.000 | 5.5 | 16.46 | 199.3% |
| 03/29/2019 | EOF | Ecofibre Ltd | 20.000 | 1 | 3.23 | 223.0% |
| 01/29/2019 | SPT | Splitit Payments Ltd | 12.000 | 0.2 | 0.86 | 330.0% |
| 09/23/2019 | OSX | Osteopore Ltd | 5.250 | 0.2 | 0.86 | 330.0% |
| 02/13/2019 | UWL | Uniti Group Ltd | 13.181 | 0.25 | 1.535 | 538.9% |
The last two weeks also saw what turned out to be quite a high-profile non-listing, as financial services company Latitude pulled its proposed $1 billion float. For more on that, you can read this entertaining recap from The Secret Broker.
Here’s a list of upcoming IPOs:
Scroll or swipe to reveal table. Click headings to sort
| Company | ASX Code | Expected listing date | Industry | Issue price | Fund raising |
|---|---|---|---|---|---|
| PropertyGuru Limited | PGU | 25-Oct-19 | Real estate marketing | $3.70 | $362m |
| KKR Credit Income Fund | KKC | 21-Nov-19 | Listed investment trust | $2.50 | $330m |
| VGI Partners Asian Investments Ltd | VG8 | 13-Nov-19 | Listed investment company | $2.50 | $1bn |
| 360 Capital Digital Infrastructure Fund | TDI | 4-Nov-19 | Digital infrastructure | $2.00 | $65m |
| Cronos Australia Limited | CAU | 7-Nov-19 | Medicinal cannabis | $0.50 | $20m |
| Nemex Resources Limited | NXR | TBA | Mineral exploration | $0.20 | $5m |
| Tartana Resources Limited | TNA | TBA | Mining exploration | $0.20 | $6m |
| Intega Group Limited | ITG | 22-Oct-19 | Engineering services | Demerger | N/A |
