IPO Watch: Here are the IPOs you’ll be missing if you’re on holidays
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Much of Australia may be going on holidays but there’s a pipeline of over a dozen IPOs set to clear.
There are two companies listing today in Canadian focused gold explorer Benz Mining Corp (ASX:BNZ) and fintech Payright (ASX:PYR).
From the middle of the first week of January, activity starts picking up again with eight IPOs scheduled in the next three weeks thereafter.
Larger listings include biotech Chimeric Therapeutics, cloud computing company Nexion and software stock Felix Group.
All together these companies will raise $85 million between them.
Looking to February, one IPO to look out for in early February is Pentanet.
Pentanet is a residential NBN provider like Aussie Broadband but is based over in Western Australia.
With only Australian Gold & Copper scheduled to list between Christmas and the first week of 2021, it is a welcome breather.
December has played host to approximately 20 IPOs – averaging 7 per week. This is approximately double the number of IPOs that listed in the first half of the year.
The top performing sectors are health with an average gain of 73 per cent and industrials which are up 72 per cent.
Consumer focused stocks however are 2 per cent down, although the consumer-focused retailers and ecommerce stocks are up 11 per cent on average.