The first two months of 2020 gave rise to some up and down results for the nine companies that joined the ASX boards in the new year.

But there’s no doubt the newly listed cohort wasn’t immune to the the coronavirus-related carnage of the past two weeks.

Stockhead’s latest set of data shows just two companies are still in positive territory; software platform COSOL (ASX:COS) and gold explorer Kaiser Reef (ASX:KAU).

Six other stocks fell sharply negative compared to their initial listing price. And base metals explorer Cobre (ASX:CBE) is now even on the year, after jumping sharply when it first listed on January 31.

As a general rule, new listings come with an added layer of risk (and reward), and it’s perhaps not a surprise that demand has waned during what has turned out to be the sharpest ASX correction since the 2008 financial crisis.

Here’s a performance rundown of this year’s ASX entrants:

LISTING DATE TICKER NAME OFFER SIZE OFFER PRICE PRICE (10 MARCH) % RETURN
16/1/2020 NYR Nyrada 9m 0.2 0.15 -25%
23/1/2020 HVM Happy Valley Nutrition 13m 0.2 0.15 -25%
24/1/2020 COS COSOL 12m 0.2 0.31 55%
31/1/2020 CBE Cobre 10m 0.2 0.2 0%
12/2/2020 EMD Emerald Clinics 6m 0.2 0.088 -56%
14/2/2020 TDY Thedocyard 4m 0.2 0.14 -30%
14/2/2020 CST Castille Resources 20m 0.2 0.1 -50%
20/2/2020 LGP Little Green Pharma 10m 0.45 0.3 -33%
27/2/2020 KAU Kaiser Reef 9m 0.2 0.255 28%

UPCOMING IPOs

The historic level of market volatility has made the pipeline for new listings somewhat uncertain.

However, the ASX still has a number of companies on the “pending” list with plans to tap the public markets over the next few weeks.

Here’s a list of upcoming IPOs:

TICKER NAME OFFER SIZE ($) OFFER PRICE LISTING DATE
AL3 AML3D 9m 0.2 26 March
AR1 ARMnet 11m 0.2 TBA
AT1 Atomo Diagnostics $30m 0.2 16 April
MHK Metal Hawk $5.5m 0.2 TBA
TNA Tartana Resources $6m 0.2 TBA
W2V Way 2 Vat $15m 0.2 27 March