IPO Watch: Last year it took the ASX 3 quarters to get 18 new listees; this year it took less than 3 months

It’s only mid-March but the ASX has 18 new listees – a milestone it took until September to reach last year.

As large as last year’s IPO class was (coming at 66), it’s easy to forget the majority only listed in the last quarter. At the close of the September quarter it only had 19 for the year.

This year there have been 18 thus far and there are at least 16 companies due to list in the next month.

New ASX listees up 24 per cent in 2021

Code	Company	Listing Price	Current price	%	MktCap	Sector
TRU	Truscreen	0.065	0.09	38	$36.3M	Health
TRN	Torrens Mining	0.2	0.16	-20	$12.0M	Resources
FLX	Felix Group	0.3	0.3	0	$36.8M	Tech
CHM	Chimeric Therapeutics	0.2	0.31	55	$58.0M	Health
AGC	Australian Gold & Copper	0.2	0.175	-13	$12.2M	Resources
5GG	Pentanet	0.25	0.59	136	$112.0M	Tech
M24	Mamba Exploration	0.2	0.265	33	$9.3M	Resources
OZM	OzAurum Resources	0.25	0.185	-26	$10.7M	Resources
BEX	Bike Exchange	0.26	0.26	0	$33.7M	Tech
AWJ	Auric Mining	0.25	0.17	-32	$16.1M	Resources
SHG	Singular Health	0.2	0.695	248	$49.1M	Health
NNG	Nexion	0.2	0.235	18	$31.1M	Tech
3MF	3D Metalforge	0.2	0.23	15	$30.5M	Industrial
DDH	DDH Drill	1.1	0.925	-16	$321.0M	Industrial
GEN	Genmin	0.34	0.28	-18	$78.2M	Resources
BMO	Baston Minerals	0.2	0.195	-3	$11.8M	Resources
EZZ	EZZ Life Science	0.5	0.72	44	$8.9M	Consumer
MFB	My Food Bag	1.85	1.49	-19	$361.0M	Consumer

The average performance of ASX IPOs has slipped in recent weeks but is still in positive territory.

The top ASX listees are medical imaging company Singular Health Group (ASX:SHG), up 248 per cent since listing, as well as Perth telco Pentanet (ASX:5GG) which is up 136 per cent.

Of March’s listees EZZ Life Science (ASX:EZZ) is the best performer up 44 per cent.

Upcoming ASX listings

Code	Company	Price per share	Capital raised	Listing Date	Sector
ART	Airtasker	0.65	$83.7M	22-Mar	Tech
MTR	Metal Tiger	TBD	TBD	TBA	Resources (investor)
CHA	Chaucer Energy	0.2	$5.5m	15-Mar	Energy
JNO	Juno Minerals	0.25	$20.0M	TBA	Resources
PGD	Peregrine Gold	0.2	$2.5M	22-Mar	Resources
CSM	Cosmo Gold	0.2	$6m	24-Mar	Resources
FRB	Firebird Metals	0.2	$5.5m	19-Mar	Resources
TG1	TechGen Metals	0.2	$6m	25-Mar	Resources
TUL	Tulla Resources	0.9	$243.8M	15-Mar	Resources
MPA	Mad Paws	0.2	$12M	26-Mar	Consumer
92E	92 Energy	0.2	$7m	9-Apr	Energy
DEL	Delorean Corporation	0.2	$14m	8-Apr	Industrial
ICL	Iceni Gold	0.2	$20m	7-Apr	Resources
ILA	Island Pharmaceuticals	0.25	$7.5M	13-Apr	Health
KCC	Kincora Copper	0.2	$10m	30-Mar	Resources
LGL	Lynch Group	3.6	$206.1M	6-Apr	Consumer
MM8	Medallion Metals	0.25	$12.5M	22-Mar	Resources
PHL	Propell Holdings	0.2	$5m	9-Apr	Tech
TG1	TechGen Metals	0.2	$6m	13-Apr	Resources
TUL	Tulla Resources	0.9	$243.8M	18-Mar	Resources

The long-awaited listing of Airtasker (ASX:ART) is currently pencilled in for this Monday (March 22). But it is no longer the biggest listing in the queue.

That now belongs to Australia’s biggest flower wholesaler Lynch Group which is raising over $200 million in a deal set to complete with an April 6 listing.

Listing in the same week as Airtasker is MadPaws which is scheduled for Friday March 26. But the next company in the queue is Firebird Metals which is due to list at 1pm (AEDT) tomorrow.

While resources companies have been no strangers among 2021’s ASX listees, Firebird will be the only new IPO, in manganese.

It is a spin-off from parent company Firefly Resources (ASX:FFR). The company, which is one of Tolga Kumova’s investments, once counted the Oakover manganese project as its own flagship project but made the shift into precious metals.