IPO Watch: These are the top ASX debutantes of 2019
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Telecommunications company Uniti Group (ASX:UWL) has topped the list of companies making their debut in 2019 with a whopping 500 per cent gain since listing.
The internet service provider’s share price hit $1.50 last Friday to give it a $480m market capitalisation.
Since listing in mid-February following a $13m capital raising, Uniti has increased its 25c offer price five times over.
Earning itself silver in the top gainers, medtech Osteopore was up 283 per cent to 76.5c on Friday, compared to its 20c offer price.
Taking out the bronze, fintech Splitit added 244 per cent to close last week out at 68.75c.
On top of their overall best performances in 2019, Osteopore and Splitit both had top five first-day debuts. Osteopore made the best first impression on investors, while Splitit came in at number five.
The other three that had a top-five first-day performance this year were Andrew-Forrest favourite Invex Therapeutics (ASX:IVX), which came in second, QuickFee (ASX:QFE) at number three and Amaero International (ASX:3DA) fourth spot.
Twiggy Forrest-backed Invex Therapeutics is enjoying life so far as a listed company
Quick bucks from QuickFee listing; shares surge 150pc on day one
Amaero raises $8m to build global partnerships in 3D metal printing
Newcomer Aerometrex (ASX:AMX) listed in the past fortnight and is currently sixth on the best first-day list.
The mapping company has made number 10 on our gainers list, sitting 97 per cent higher at $1.97 by the end of last week.
Sixty-one companies have listed so far this year. Thirty-seven, or 61 per cent, have made positive gains since then.
Only two debutantes are at their offer prices – junior companies Elanor Commercial Property Fund (ASX:ECF) and Godolphin Resources (ASX:GRL).
Another 22 companies, or 36 per cent, have lost ground since listing.
Among these are subscription sweets company Candy Club Holdings (ASX:CLB), potash explorer Trigg Mining (ASX:TMG) and medicinal cannabis products company Cronos Australia (ASX:CAU).
Candy Club witnessed the most losses, falling 69 per cent to 6.2c. Trigg slid 60 per cent to 8c, while Cronos wiped off 57 per cent to end last week at 21.5c.
Here’s how 2019’s debutantes* performed:
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