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:

Swipe or scroll for full table

CompanyASX codeIPO statusFocusFund raisingIssue price
Australian Family LawyersAFLOffer closes April 29; Listing set for May 10Law firm$4-$6.5m20c
Australian Nutrition & SportsAN1Was due to list Apr 3; ASIC has issued an interim stop noticeDairy formula$5-$8m20c
Frugl Pre-IPO funding; planning listingGrocery price comparison --
Gold Tiger ResourcesGRAOffer closing May 10; Listing planned for May 22Gold$4-$5m20c
Jobstore GroupJOBWas due to list Dec 5AI-powered recruitment$6.6-8m20c
Melior ResourcesSeeking ASX-listing in 2019Mineral sands$5m
PKS HoldingsPKSOffer closes May 27; Listing set for June 6Healthcare technology$21.5m20c
Pointsbet HoldingsPBHDue to list June 12Wagering services$75m$2
Prospa GroupPGLOffer closes May 31; Due to list June 11Small business lending$109.6m$3.78
RenergenRLTDue to list May 31Helium$5-10m80c
Trigg MiningTMGDue to list June 28Potash$4.5m20c
Tubi Limited2BEOffer closing May 27; Due to list June 14Polyethylene pipe manufacturer$5.76m20c
Victory OfficesVOLOffer closing May 31; Due to list June 14Serviced offices$30m$2
Viva LeisureVVAOffer opens May 13; Due to list June 7Health club operator$20m$1
WhispirWSPOffer closes June 12; Due to list June 19Software as a service$47m$1.60

 

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:

Swipe or scroll for full table

Listing DateASX CodeCompanyIPO PriceLast ClosePercentage Return
02/13/2019UWL Uniti Wireless 0.251.153.6
01/29/2019SPT Splitit Payments 0.20.712.55
04/18/2019NXS Next Science 13.362.36
09/21/2018AGH Althea Group Holdings 0.20.672.35
07/18/2018KTD Keytone Dairy Corp 0.20.5551.775
12/28/2018AMS Atomos 0.411.121.73170731707
12/18/2018EX1 Exopharm 0.20.4651.325
03/29/2019EOF Ecofibre 12.131.13
10/15/2018SMX Security Matters 0.20.3950.975
02/22/2019MPH Mediland Pharm 0.20.340.7
12/13/2018EMV EMvision Medical Devices 0.250.370.48
07/20/2018CXL Calix 0.530.70.320754716981
11/29/2018NWM Norwest Minerals 0.20.250.25
12/12/2018HMD HeraMED 0.20.2450.225
08/20/2018NIC Nickel Mines 0.350.4250.214285714286
07/30/2018CR1 Constellation Resources 0.20.240.2
04/17/2019RDY Readytech Holdings 1.511.750.158940397351
11/14/2018HM1 Hearts and Minds Investments 2.52.870.148
05/07/2019MRZ Mont Royal Resources 0.20.2250.125
12/14/2018YRL Yandal Resources 0.20.220.1
11/30/2018RDC Redcape Hotel Group1.131.09-0.0353982300885
07/09/2018PGX Primero Group 0.40.38-0.05
09/12/201814D 1414 Degrees 0.350.33-0.0571428571429
03/07/2019CBY Canterbury Resources 0.30.28-0.0666666666667
05/23/2019PWL Powerwrap 0.350.32-0.0857142857143
10/12/2018TGF Tribeca Global Natural Resources2.52.26-0.096
06/22/2018WGB WAM Global 2.21.97-0.104545454545
07/05/2018RMY RMA Global 0.250.215-0.14
07/13/2018VEA Viva Energy Group 2.52.15-0.14
08/15/2018TMR Tempus Resources 0.20.17-0.15
09/11/2018HLA Healthia 10.83-0.17
02/14/2019A1G African Gold 0.20.16-0.2
12/13/2018TYM Tymlez Group 0.220.175-0.204545454545
10/23/2018CRN Coronado Global Resources Inc43.12-0.22
05.10.2019360Life3604.83.74-0.220833333333
08/24/2018KWR Kingwest Resources 0.20.15-0.25
07/26/2018RFR Rafaella Resources 0.20.14-0.3
07/27/2018NSB NeuroScientific Biopharmaceuticals0.20.14-0.3
12/05/2018CRS Caprice Resources 0.20.14-0.3
10/17/2018ID8 Identitii 0.750.5-0.333333333333
12/06/20183668 HKYancoal stralia 23.4815.52-0.339011925043
09/13/2018ARN Aldoro Resources 0.20.12-0.4
09/17/2018VEN Vintage Energy 0.20.12-0.4
10/19/2018QEM QEM 0.20.12-0.4
06/13/2018VN8 Vonex 0.20.11-0.45
07/06/2018WOA Wide Open Agriculture 0.20.105-0.475
02/19/2019CLB Candy Club Holdings 0.20.105-0.475
09/21/2018AR9 Archtis 0.20.1-0.5
10/31/2018WWG Wiseway Group 0.50.24-0.52
10/02/2018SGI Stealth Global Holdings 0.20.09-0.55
12/20/2018FIJ Fiji Kava 0.20.071-0.645
11/30/2018NVU Nanoveu 0.20.065-0.675
11/07/2018MOH Moho Resources 0.20.06-0.7
11/08/2018GSM Golden State Mining 0.20.06-0.7
06/19/2018B2Y Bounty Mining 0.350.098-0.72
08/16/2018SLZ Sultan Resources 0.20.054-0.73
06/21/2018RZI Raiz Invest 1.80.46-0.744444444444
08/30/2018CM1 Coolgardie Minerals 0.20.052-0.74