IPO Watch: How has November’s cohort performed since joining the bourse?

There have been nearly a dozen more ASX IPOs in November but how have they stacked up compared to the rest of the year?

The average performance is 25% which is exactly the same as the average gain of all 2021 ASX IPOs put together (inclusive of November).

But the average performance exclusive of November’s ASX IPOs is slightly higher at 26%.

This is despite a handful of solidly performing listings.

Topping the lot was engineering and data capturing company Remsense Technologies (ASX:REM) which has gained 90% since its listing on Melbourne Cup Day.

Sitting on gains of over 70% are lithium explorer Green Technology Metals (ASX:GT1) and underwear maker Step One (ASX:STP).

And sitting on a 36% gain is hotel commerce platform and tech unicorn SiteMinder (ASX:SDR).

Here’s a list of November’s ASX IPOs so far…

But none of November’s ASX IPOs have yet come close to beating the top performers of the entire year’s cohort.

Kuniko (ASX:KNI) is still on top although it is only on a 748% gain as of November 11. Another four stocks have gained 200% or more including uranium explorer 92 Energy (ASX:92E) and lithium plays, Balkan Mining (ASX:BMM), Global Lithium (ASX:GL1) and Australasian Gold (ASX:A8G). 

Yes, despite its name, the latter company has a focus on lithium, which is what led to it taking off after an average debut.

In August it lodged a tenement application in the Mt Peake lithium pegmatite district in Northern Territory which covers over 640sqkm and shares a boundary with Core Lithium’s (ASX:CXO) ‘Anningie’ lithium project.

The top non-resources stock is caravan sharing community Camplify (ASX:CHL), which is sitting just behind the top 5 on a 197% gain.

The caravan trade hasn’t been as badly affected by travel restrictions and is tipped to do well (when travel is allowed), as tripping around the country is deemed less risky than flying to the other side of the world.

Here’s a list of all ASX IPOs in 2021

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Upcoming listings

The pipeline of new listings has taken a hit this week with multiple withdrawals including ComfortDelGro, Compare Club and Health Engine.

But there are still several ASX IPOs to list in the rest of November.

Due to list tomorrow is employment services company APM which has completed a listing worth nearly $1 billion.

One week later, infrastructure services provider Ventia is due to list having raised approximately $300 million.

Another notable upcoming listing one is Paul Hopper’s latest cancer fighting venture – Radiopharm Theranostics – which is due to list on November 25.