Melbourne-based tech startup Whispir is trying its luck at an ASX listing with the launch of a $47m IPO.

It’s probably well-timed too, with the tech guys – be it straight up tech, fintech or biotech – dominating the gains of successful ASX debuts over the past year.

The company is aiming for a June 19 debut on completion of its IPO, which is priced at $1.60 per share.

Whispir is a software-as-a-service company that has developed a cloud-based “low code-no code” platform that can be implemented and managed with no IT developer or designer skills.

It is a communications workflow platform that automates interactions between businesses and people.

Whispir currently has over 500 customers in several industries across Australia, New Zealand, Asia and the US, including Virgin Australia, Disney, AGL and several government departments and institutions.

Chairman Brendan Fleiter said Whispir estimates the total global addressable Workflow Communications as-a-Service (WCaaS) market could reach $US8 billion by 2024.

“We forecast annualised recurring revenue [compound annual growth rate] of 27.6 per cent from FY18A to FY20F on a stabilising cost base, driven by product development, growth in use by our existing customers and the acquisition of new customers across the globe,” he said.

Whispir expects to have a market cap of $163m on listing.

Meanwhile, rare earths explorer Navigator Resources (ASX:NAV) has successfully completed its shift into family law and hopes to light up the boards this week.

The company, now known as AF Legal Group, has raised just under $6m and anticipates it will be reinstated to trading on or around June 7.

Navigator revealed in December last year that it planned to exit the mining world by way of a reverse takeover.

AF Legal is an Australian law firm that practices family and relationship law.

In FY18, the business opened about 593 files and reported annual revenue of $4.2m – over double what it made in FY17.

On the resources front, actual IPOs are a bit thin right now with only Gold Tiger Resources and Trigg Mining still vying for a spot on the ASX.

This is Trigg Mining’s second go at an ASX debut, and this time around it is hoping to light up the boards before the end of June.

Gold Tiger was aiming to be trading by May 22 but is a bit delayed.

Here’s a list of upcoming ASX floats:

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Company ASX code IPO status Focus Fund raising Issue price
AppsVillage Australia APV Due to list July 23 Software-as-a-Service company $6m 20c
Australian Nutrition & Sports AN1 Was due to list Apr 3; ASIC has issued an interim stop notice Dairy formula $5-$8m 20c
Nemex Resources NXR Due to list July 24 Gold and base metals exploration $5m 20c
QuickFee QFE Due to list July 11 Payment platform and SME finance lender $13.5m 20c
Sezzle SZL Offer closes July 12; Due to list July 30 Payment platform $43.6m $1.22
Tartana Resources TNA Offer closes July 26; Due to list Aug 13 Copper and zinc exploration $6m 20c
Trigg Mining TMG Offer extended to July 12; Due to list July 24 Potash $4.5m 20c

 

Tech dominates

Finally, Stockhead can name someone other than buy now pay later play Splitit (ASX:SPT) as the leader.

After a stellar run of gains since listing at the end of January this year, Splitit has been pipped at the post by wireless internet provider Uniti Wireless (ASX:UWL), which is up 360 per cent since it lit up the boards in mid-February.

After a rocky start, it seems to have made headway.

Uniti listed on February 13 after raising only 73 per cent of the $18m it was chasing in its IPO. The next day, it announced that it had sacked co-founders Sasha Baranikov, also the chief operating officer, and Che Metcalfe, also the chief technical officer.

The ASX was kind of curious as to why the company had not disclosed the firings in the lead-up to listing.

>> Read: The ASX thinks Uniti Wireless is lying about those fired co-founders

Splitit takes second spot with a 255 per cent run up to trade at 71c, followed by bacteria-killing biotech Next Science (ASX:NXS), which has climbed 236 per cent to $3.36 since it broke onto the ASX in April.

Pot stocks are also doing well, with Althea Group (ASX:AGH) jumping 235 per cent to 67c and Ecofibre (ASX:EOF) more than doubling its price to $2.13.

Here’s a list of IPO performances over the past year:

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Listing Date ASX Code Company IPO Price Last Close Percentage Return
02/13/2019 UWL Uniti Wireless 0.25 1.15 3.6
01/29/2019 SPT Splitit Payments 0.2 0.71 2.55
04/18/2019 NXS Next Science 1 3.36 2.36
09/21/2018 AGH Althea Group Holdings 0.2 0.67 2.35
07/18/2018 KTD Keytone Dairy Corp 0.2 0.555 1.775
12/28/2018 AMS Atomos 0.41 1.12 1.73170731707
12/18/2018 EX1 Exopharm 0.2 0.465 1.325
03/29/2019 EOF Ecofibre 1 2.13 1.13
10/15/2018 SMX Security Matters 0.2 0.395 0.975
02/22/2019 MPH Mediland Pharm 0.2 0.34 0.7
12/13/2018 EMV EMvision Medical Devices 0.25 0.37 0.48
07/20/2018 CXL Calix 0.53 0.7 0.320754716981
11/29/2018 NWM Norwest Minerals 0.2 0.25 0.25
12/12/2018 HMD HeraMED 0.2 0.245 0.225
08/20/2018 NIC Nickel Mines 0.35 0.425 0.214285714286
07/30/2018 CR1 Constellation Resources 0.2 0.24 0.2
04/17/2019 RDY Readytech Holdings 1.51 1.75 0.158940397351
11/14/2018 HM1 Hearts and Minds Investments 2.5 2.87 0.148
05/07/2019 MRZ Mont Royal Resources 0.2 0.225 0.125
12/14/2018 YRL Yandal Resources 0.2 0.22 0.1
11/30/2018 RDC Redcape Hotel Group 1.13 1.09 -0.0353982300885
07/09/2018 PGX Primero Group 0.4 0.38 -0.05
09/12/2018 14D 1414 Degrees 0.35 0.33 -0.0571428571429
03/07/2019 CBY Canterbury Resources 0.3 0.28 -0.0666666666667
05/23/2019 PWL Powerwrap 0.35 0.32 -0.0857142857143
10/12/2018 TGF Tribeca Global Natural Resources 2.5 2.26 -0.096
06/22/2018 WGB WAM Global 2.2 1.97 -0.104545454545
07/05/2018 RMY RMA Global 0.25 0.215 -0.14
07/13/2018 VEA Viva Energy Group 2.5 2.15 -0.14
08/15/2018 TMR Tempus Resources 0.2 0.17 -0.15
09/11/2018 HLA Healthia 1 0.83 -0.17
02/14/2019 A1G African Gold 0.2 0.16 -0.2
12/13/2018 TYM Tymlez Group 0.22 0.175 -0.204545454545
10/23/2018 CRN Coronado Global Resources Inc 4 3.12 -0.22
05.10.2019 360 Life360 4.8 3.74 -0.220833333333
08/24/2018 KWR Kingwest Resources 0.2 0.15 -0.25
07/26/2018 RFR Rafaella Resources 0.2 0.14 -0.3
07/27/2018 NSB NeuroScientific Biopharmaceuticals 0.2 0.14 -0.3
12/05/2018 CRS Caprice Resources 0.2 0.14 -0.3
10/17/2018 ID8 Identitii 0.75 0.5 -0.333333333333
12/06/2018 3668 HK Yancoal stralia 23.48 15.52 -0.339011925043
09/13/2018 ARN Aldoro Resources 0.2 0.12 -0.4
09/17/2018 VEN Vintage Energy 0.2 0.12 -0.4
10/19/2018 QEM QEM 0.2 0.12 -0.4
06/13/2018 VN8 Vonex 0.2 0.11 -0.45
07/06/2018 WOA Wide Open Agriculture 0.2 0.105 -0.475
02/19/2019 CLB Candy Club Holdings 0.2 0.105 -0.475
09/21/2018 AR9 Archtis 0.2 0.1 -0.5
10/31/2018 WWG Wiseway Group 0.5 0.24 -0.52
10/02/2018 SGI Stealth Global Holdings 0.2 0.09 -0.55
12/20/2018 FIJ Fiji Kava 0.2 0.071 -0.645
11/30/2018 NVU Nanoveu 0.2 0.065 -0.675
11/07/2018 MOH Moho Resources 0.2 0.06 -0.7
11/08/2018 GSM Golden State Mining 0.2 0.06 -0.7
06/19/2018 B2Y Bounty Mining 0.35 0.098 -0.72
08/16/2018 SLZ Sultan Resources 0.2 0.054 -0.73
06/21/2018 RZI Raiz Invest 1.8 0.46 -0.744444444444
08/30/2018 CM1 Coolgardie Minerals 0.2 0.052 -0.74