The queue of companies seeking to IPO on the ASX is only growing longer with over 40 companies scheduled to list in the next two months.
This is despite the average gain of ASX IPOs falling in recent weeks. Currently the average gain is only 11 per cent whereas the average gain last year was over 40 per cent and earlier this year the average return for 2021 rivalled 2020.
The most recent listees illustrate this mixed trend for IPOs this year all too well with some solid performers such as Lunnon Metals (ASX:LM8) gaining up to 50 per cent on Wednesday but Flynn Gold (ASX:FG1) retreating 20 per cent yesterday.
The top performers, with gains of over 200 per cent, are internet provider Pentanet (ASX:5GG) and manganese play Firebird Metal (ASX:FRB) although the latter recently overtook the former as the best gaining IPO all year.
However, some IPOs with a soft start have begun to shine in recent weeks with examples including Peregine Gold (ASX:PGD), Lynch Group (ASX:LGL) and Torrens Mining (ASX:TRN).
Lynch was helped by an upgrade to its prospectus forecasts while the other two have been helped with positive exploration developments.
Torrens and its joint venture partner Coda Minerals (ASX:COD) – which listed late last year – made a 200m hit of “intense IOCG alteration” while Peregrine has seen positive results from sediment sampling results.
One recent IPO of note was the first listed investment company since COVID-19 in Salter Brothers Emerging Companies (ASX:SB2).
Here’s a list of all 2021’s ASX IPOs and their performance…
Date excludes reverse takeovers. Best viewed on a laptop.
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Company | Listing Price | Current Price | % | MktCap | Sector |
|---|---|---|---|---|---|---|
| TRU | Truscreen | 0.065 | 0.069 | 6 | $24.3M | Health |
| TRN | Torrens Mining | 0.2 | 0.275 | 38 | $18.8M | Resources |
| CHM | Chimeric Therapeutics | 0.2 | 0.27 | 35 | $55.1M | Health |
| FLX | Felix Group | 0.3 | 0.29 | -4 | $30.9M | Tech |
| AGC | Australian Gold & Copper | 0.2 | 0.145 | -28 | $9.8M | Resources |
| 5GG | Pentanet | 0.25 | 0.76 | 204 | $133M | Tech |
| M24 | Mamba Exploration | 0.2 | 0.22 | 10 | $8.1M | Resources |
| OZM | OzAurum Resources | 0.25 | 0.135 | -46 | $7.3M | Resources |
| BEX | Bike Exchange | 0.26 | 0.25 | -4 | $33.7M | Tech |
| MFB | My Food Bag | 1.85 | 1.35 | -28 | $327M | Consumer |
| 3MF | 3D Metalforge | 0.2 | 0.155 | -23 | $15.9M | Industrial |
| EZZ | EZZ Life Science | 0.5 | 0.465 | -7 | $5.9M | Consumer |
| NNG | Nexion | 0.2 | 0.185 | -8 | $12.0M | Tech |
| SHG | Singular Health | 0.2 | 0.305 | 53 | $18.8M | Health |
| DDH | DDH Drill | 1.1 | 1.12 | 1 | $401.0M | Industrial |
| GEN | Genmin | 0.34 | 0.225 | -33 | $63.4M | Resources |
| BMO | Baston Minerals | 0.2 | 0.19 | -5 | $10.9M | Resources |
| AWJ | Auric Mining | 0.25 | 0.15 | -40 | $7.0M | Resources |
| MM8 | Medallion Metals | 0.2 | 0.285 | 43 | $24.1M | Resources |
| ART | Airtasker | 0.65 | 1.16 | 78 | $482.0M | Tech |
| MPA | Mad Paws | 0.2 | 0.185 | -8 | $33.9M | Tech |
| KCC | Kincora Copper | 0.2 | 0.31 | 55 | $22.9M | Resources |
| PGD | Peregrine Gold | 0.2 | 0.37 | 85 | $11.2M | Resources |
| LGL | Lynch Group | 3.6 | 3.73 | 4 | $454M | Industrial |
| TG1 | TechGen Metals | 0.2 | 0.21 | 5 | $8.3M | Resources |
| DEL | Delorean | 0.2 | 0.205 | 3 | $36.7M | Energy |
| ILA | Island Pharmaceuticals | 0.2 | 0.315 | 58 | $13.5M | Health |
| PHL | Propell | 0.2 | 0.12 | -40 | $9.4M | Tech |
| ICL | Iceni Gold | 0.2 | 0.205 | 2 | $24.4M | Resources |
| FRB | Firebird Meta | 0.2 | 0.63 | 215 | $21.8M | Resources |
| LFS | Latitude Group | 2.6 | 2.3 | -12 | $2.3B | Financial |
| PWR | Peter Warren | 2.9 | 3.67 | 27 | $615.0M | Consumer |
| MKL | Mighty Kingdom | 0.3 | 0.185 | -38 | $17.3M | Tech |
| MLG | MLG | 1 | 1 | 0 | $146.0M | Resources |
| BCA | Black Canyon | 0.2 | 0.28 | 40 | $8.7M | Resources |
| ALB | Albion Resources | 0.2 | 0.2 | 0 | $5.6M | Resources |
| QML | Qmines | 0.2 | 0.35 | 75 | $16.1M | Resources |
| GL1 | Global Lithium | 0.2 | 0.265 | 33 | $23.1M | Resources |
| NKL | Nickelx | 0.2 | 0.155 | -23 | $8.5M | Resources |
| HMI | Hiremii | 0.2 | 0.1 | -50 | $5.4M | Tech |
| EPX | EPT Global | 0.2 | 0.19 | -5 | $22.1M | Tech |
| A8G | Austalasian Gold | 0.2 | 0.165 | -17 | $5.6M | Resources |
| DGL | DGL Group | 1.21 | 1.2 | -1 | $308.0M | Industrial |
| PPM | Pepper Money | 2.89 | 2.61 | -10 | $1.1B | Financial |
| AUA | Audeara | 0.2 | 0.11 | -45 | $7.0M | Tech |
| JNO | Juno | 0.25 | 0.19 | -24 | $27.1M | Resources |
| ACL | Au Clinical Labs | 4 | 3.72 | -7 | $751.0M | Health |
| KED | Keypath Education | 3.71 | 3.53 | -5 | $739.0M | Tech |
| TRJ | Trajan | 1.7 | 2.48 | 45 | $304.0M | Health |
| FOS | FOS Capital | 0.25 | 0.185 | -26 | $2.3M | Industrial |
| AGN | Argenica Theraprutics | 0.2 | 0.2 | 0 | $9.4M | Health |
| SB2 | Salter Brothers | 1 | 1 | 0 | $93.4M | Financial |
| LM8 | Lunnon Metals | 0.3 | 0.45 | 50 | $32.6M | Resources |
| HIQ | HitIQ | 0.2 | 0.2 | 0 | $26.0M | Tech |
| FG1 | Flynn Gold | 0.2 | 0.16 | -20 | $12.0M | Resources |
And here’s the queue of ASX IPOs in the next two months…
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Company | Price per share | Capital raised | Listing Date | Sector |
|---|---|---|---|---|---|
| AM7 | Arcadia Minerals | 0.2 | $6.4M | 22-Jun | Resources |
| LDR | Lode Resources | 0.2 | $7.5m | 23-Jun | Resources |
| MMG | Monger Gold | 0.2 | $6m | 6-Jul | Resources |
| TOR | Torque Metals | 0.2 | $7m | 25-Jun | Resources |
| POL | Polymetals Resources | 0.2 | $7m | 29-Jun | Resources |
| AE1 | Aerison Group | 0.2 | $13.5M | 12-Jul | Industrial |
| AS2 | Askari Metals | 0.2 | $6m | 5-Jul | Resources |
| BGD | Barton Gold | 0.25 | $15m | 28-Jun | Resources |
| CHL | Camplify | 1.42 | $11.5M | 28-Jun | Tech |
| CDR | Cordus Minerals | 0.2 | $8m | 23-Jun | Resources |
| CSM | Cosmo Gold | 0.2 | $6m | 18-Jun | Resources |
| GFN | Gefen International | 1 | $25m | 17-Jun | Tech |
| OZZ | Ozz Resources | 0.2 | $5m | 21-Jun | Resources |
| OPN | Open Negotiation | 0.2 | $9m | 25-Jun | Tech |
| LKY | Locksley Resources | 0.2 | $5m | 8-Jul | Resources |
| RBX | Resource Base | 0.2 | $5.5m | 2-Jul | Resources |
| WGR | Western Gold | 0.2 | $7m | 19-Jul | Resources |
| WMG | Western Mines | 0.2 | $5.5m | 28-Jun | Resources |
| 29M | 29Metals | 2 | $900M | 23-Jun | Resources |
| ALL | Almonty Industries | 1 | $13.5M | 20-Jul | Resources |
| AWN | Aquirian | 0.2 | $8m | 3-Aug | Resources |
| AR3 | Australian Rare Earths | 0.3 | $12m | 25-Jun | Resources |
| BMM | Balkan Mining & Minerals | 0.2 | $6.5M | 17-Jul | Resources |
| BMR | Ballymore Resources | 0.2 | $11m | 5-Jul | Resources |
| BBT | Bluebet | 1.14 | $80m | 2-Jul | Consumer |
| BUR | Burley Minerals | 0.2 | $6m | 9-Jul | Resources |
| BTN | Butn | 0.5 | $20m | 28-Jun | Tech |
| CNR | Cannon Resources | 0.2 | $6m | 12-Aug | Resources |
| CHR | Charger Metals | 0.2 | $6m | 8-Jul | Resources |
| CDR | Codrus Minerals | 0.2 | $8m | 23-Jun | Resources |
| DRA | DRA Global | 3.95 | $20m | 9-Jul | Industrial |
| G50 | Gold50 | 0.25 | $10m | 6-Jul | Resources |
| IND | Industrial Minerals | 0.2 | $5m | 23-Jul | Resources |
| M3M | M3 Mining | 0.2 | $4.6m | 22-Jul | Resources |
| LDX | Lumos Diagnostics | 1.25 | $63m | 5-Jul | Health |
| MTM | Mt Monger Resources | 0.2 | $5m | 8-Jul | Resources |
| PGO | Pacgold | 0.25 | $6m | 8-Jul | Resources |
| PPE | Pantera Minerals | 0.2 | $7m | 13-Jul | Resources |
| SLH | Silk Logistics | 2 | $70m | 2-Jul | Industrial |
| TBN | Tamboran Resources | 0.4 | $66M | 23-Jun | Energy |
| PXA | PEXA | 17.13 | $1.175B | 7-Jul | Tech |
| WAR | WAM Strategic Value | 1.25 | $225M | 25-Jun | Financial |
| 1VG | Victory Goldfields | 0.2 | $5M | 14-Jul | Resources |
Notable upcoming IPOs
The biggest company in the ASX IPO queue is conveyancing platform PEXA (ASX:PXA) which will raise over $1 billion before it lists on July 7.
Following it (in size) is copper producer 29Metals (ASX:29M) which is seeking $900 million from investors and is pencilled in to list on June 23.
This company has copper mines in Western Australia, Queensland and Chile and all up the company has reserves totalling 1 million tonnes of copper equivalent.
Other notable companies in the ASX IPO queue include Lumos Diagnostics (ASX:LDX) which is listing on July 5 and has a finger-prick blood test which can detect if someone has a respiratory disease and Bluebet (ASX:BBT) which is the latest Aussie bookmaker seeking to crack the US market.
And Salter Brothers won’t be the only LIC to list this year for too long. Wilson Asset Management is launching another LIC WAM Strategic Value (ASX:WAR) on June 25.