Test Match Special commentator Henry Blofeld rings the five minute bell ahead of day three of the 1st Investec Test match between England and South Africa at Lord's Cricket Ground on July 8, 2017 in London, England. Pic: Getty.
IPO Watch
Four more companies are vying for a place on the ASX as wireless internet provider Uniti Wireless gears up to make its grand entrance today.
Uniti was admitted to the “Official List” on Tuesday and will start trading at 11am AEDT today.
The company managed to raise just over $13m of the $18m it was aiming for through the issue of shares at 25c a piece. This will give it a market cap of $25.1m on listing.
Uniti will no doubt be hoping for a better share price performance than a large chunk of companies that have listed over the past year.
There were 83 new listings in the past year and only 25 have had a positive return since listing.
Payments provider Splitit (ASX:SPT) has been the best performer since it made it onto the ASX in late January.
On debut it rocketed 90 per cent to a high of 38c. It didn’t stop there though, with shares now up 285 per cent to 77c.
It was the first listing of the new year, and the first company to successfully list since early December, when Alliance Minerals Assets (ASX:A40) lit up the boards.
However, it’s still nowhere near the absolute best IPOs in the past five years.
Pot stock Elixonol Global (ASX:EXL) has climbed 201 per cent to trade at $3.01, anti-ageing drug developer Exopharm (ASX:EX1) is up 180 per cent at 56c, and New Zealand-based dairy product manufacturer Keytone Dairy (ASX:KTD) has advanced nearly 108 per cent to 41.5c.
The worst performer since listing in January last year is Frontier Diamonds (ASX:FDX). It’s share price has lost 88 per cent of its value and is now trading around 2.4c.
Here’s a list of IPO performances over the past year:
| ASX Code | Company | Listing date | Offer Price | Price Feb 12 | Return Since Listing |
|---|---|---|---|---|---|
| SPT | Splitit Payments Ltd | 01/29/2019 | 0.2 | 0.77 | 2.85 |
| EXL | Elixinol Global Ltd | 01/08/2018 | 1 | 3.01 | 2.01 |
| EX1 | Exopharm Ltd | 12/18/2018 | 0.2 | 0.56 | 1.8 |
| KTD | Keytone Dairy Corp Ltd | 07/18/2018 | 0.2 | 0.415 | 1.075 |
| AGH | Althea Group Holdings Ltd | 09/21/2018 | 0.2 | 0.39 | 0.95 |
| CPV | Clearvue Technologies Ltd | 05/25/2018 | 0.2 | 0.37 | 0.85 |
| EMV | EMvision Medical Devices Ltd | 12/13/2018 | 0.25 | 0.46 | 0.84 |
| AMS | Atomos Ltd | 12/28/2018 | 0.41 | 0.7 | 0.707317073171 |
| CXL | Calix Ltd | 07/20/2018 | 0.53 | 0.805 | 0.518867924528 |
| PYG | PayGroup Ltd | 05/29/2018 | 0.5 | 0.73 | 0.46 |
| SMX | Security Matters Ltd | 10/15/2018 | 0.2 | 0.28 | 0.4 |
| TYM | Tymlez Group Ltd | 12/13/2018 | 0.22 | 0.305 | 0.386363636364 |
| RCL | Readcloud Ltd | 02/07/2018 | 0.2 | 0.27 | 0.35 |
| S66 | Star Combo Pharma Ltd | 05/16/2018 | 0.5 | 0.625 | 0.25 |
| CR1 | Constellation Resources Ltd | 07/30/2018 | 0.2 | 0.25 | 0.25 |
| TMR | Tempus Resources Ltd | 08/15/2018 | 0.2 | 0.25 | 0.25 |
| HMD | HeraMED Ltd | 12/12/2018 | 0.2 | 0.245 | 0.225 |
| YRL | Yandal Resources Ltd | 12/14/2018 | 0.2 | 0.225 | 0.125 |
| HM1 | Hearts and Minds Investments L | 11/14/2018 | 2.5 | 2.74 | 0.096 |
| NIC | Nickel Mines Ltd | 08/20/2018 | 0.35 | 0.375 | 0.0714285714286 |
| QRI | Qualitas Real Estate Income Fu | 11/27/2018 | 1.6 | 1.7 | 0.0625 |
| 14D | 1414 Degrees Ltd | 09/12/2018 | 0.35 | 0.37 | 0.0571428571429 |
| HLA | Healthia Ltd | 09/11/2018 | 1 | 1.035 | 0.035 |
| NBI | NB Global Corporate Income Tru | 09/26/2018 | 2 | 2.04 | 0.02 |
| GCI | Gryphon Capital Income Trust | 05/25/2018 | 2 | 2.04 | 0.02 |
| PGX | Primero Group Ltd | 07/09/2018 | 0.4 | 0.4 | 0 |
| STN | Saturn Metals Ltd | 03/09/2018 | 0.2 | 0.2 | 0 |
| WCMQ | WCM Quality Global Growth Fund | 09/03/2018 | 5 | 4.95 | -0.01 |
| TGF | Tribeca Global Natural Resourc | 10/12/2018 | 2.5 | 2.44 | -0.024 |
| DBF | Duxton Broadacre Farms Ltd | 02/08/2018 | 1.5 | 1.45 | -0.0333333333333 |
| NWM | Norwest Minerals Ltd | 11/29/2018 | 0.2 | 0.19 | -0.05 |
| VEA | Viva Energy Group Ltd | 07/13/2018 | 2.5 | 2.265 | -0.094 |
| RDC | Redcape Hotel Group | 11/30/2018 | 1.13 | 1.02 | -0.0973451327434 |
| GAL | Galileo Mining Ltd | 05/29/2018 | 0.2 | 0.18 | -0.1 |
| NSB | NeuroScientific Biopharmaceuti | 07/27/2018 | 0.2 | 0.18 | -0.1 |
| KRX | Koppar Resources Ltd | 05/30/2018 | 0.2 | 0.175 | -0.125 |
| WGB | WAM Global Ltd | 06/22/2018 | 2.2 | 1.91 | -0.131818181818 |
| ID8 | Identitii Ltd | 10/17/2018 | 0.75 | 0.64 | -0.146666666667 |
| KWR | Kingwest Resources Ltd | 08/24/2018 | 0.2 | 0.17 | -0.15 |
| CRS | Caprice Resources Ltd | 12/05/2018 | 0.2 | 0.165 | -0.175 |
| RMY | RMA Global Ltd | 07/05/2018 | 0.25 | 0.205 | -0.18 |
| CRN | Coronado Global Resources Inc | 10/23/2018 | 4 | 3.23 | -0.1925 |
| EM2 | Eagle Mountain Mining Ltd | 03/16/2018 | 0.2 | 0.16 | -0.2 |
| ARN | Aldoro Resources Ltd | 09/13/2018 | 0.2 | 0.16 | -0.2 |
| VEN | Vintage Energy Ltd | 09/17/2018 | 0.2 | 0.155 | -0.225 |
| JAY | Jayride Group Ltd | 01/29/2018 | 0.5 | 0.375 | -0.25 |
| TGO | Trimantium GrowthOps Ltd | 03/16/2018 | 1 | 0.75 | -0.25 |
| BC8 | Black Cat Syndicate Ltd | 01/30/2018 | 0.2 | 0.15 | -0.25 |
| SGI | Stealth Global Holdings Ltd | 10/02/2018 | 0.2 | 0.15 | -0.25 |
| WOA | Wide Open Agriculture Ltd | 07/06/2018 | 0.2 | 0.15 | -0.25 |
| WWG | Wiseway Group Ltd | 10/31/2018 | 0.5 | 0.37 | -0.26 |
| JMS | Jupiter Mines Ltd | 04/18/2018 | 0.4 | 0.295 | -0.2625 |
| LSF | L1 Long Short Fund Ltd | 04/24/2018 | 2 | 1.455 | -0.2725 |
| AS1 | Angel Seafood Holdings Ltd | 02/21/2018 | 0.2 | 0.14 | -0.3 |
| MKG | Mako Gold Ltd | 04/16/2018 | 0.2 | 0.14 | -0.3 |
| ED1 | Evans Dixon Ltd | 05/14/2018 | 2.5 | 1.66 | -0.336 |
| GSM | Golden State Mining Ltd | 11/08/2018 | 0.2 | 0.13 | -0.35 |
| QEM | QEM Ltd | 10/19/2018 | 0.2 | 0.13 | -0.35 |
| CG1 | Carbonxt Group Ltd | 01/23/2018 | 0.7 | 0.37 | -0.471428571429 |
| AR9 | Archtis Ltd | 09/21/2018 | 0.2 | 0.105 | -0.475 |
| MOH | Moho Resources NL | 11/07/2018 | 0.2 | 0.105 | -0.475 |
| MAM | Microequities Asset Management | 04/30/2018 | 0.8 | 0.405 | -0.49375 |
| NVU | Nanoveu Ltd | 11/30/2018 | 0.2 | 0.095 | -0.525 |
| SLZ | Sultan Resources Ltd | 08/16/2018 | 0.2 | 0.092 | -0.54 |
| WND | Windlab Ltd | 08/23/2017 | 2 | 0.895 | -0.5525 |
| VN8 | Vonex Ltd | 06/13/2018 | 0.2 | 0.089 | -0.555 |
| BEM | Blackearth Minerals NL | 01/19/2018 | 0.2 | 0.088 | -0.56 |
| FIJ | Fiji Kava Ltd | 12/20/2018 | 0.2 | 0.087 | -0.565 |
| RFR | Rafaella Resources Ltd | 07/26/2018 | 0.2 | 0.085 | -0.575 |
| TAO | Tao Commodities Ltd | 04/16/2018 | 0.2 | 0.085 | -0.575 |
| TIE | Tietto Minerals Ltd | 01/18/2018 | 0.2 | 0.082 | -0.59 |
| IHR | intelliHR Holdings Ltd | 01/23/2018 | 0.3 | 0.115 | -0.616666666667 |
| DXN | Data Exchange Network Ltd/The | 04/11/2018 | 0.2 | 0.076 | -0.62 |
| CY5 | Cygnus Gold Ltd | 01/15/2018 | 0.2 | 0.07 | -0.65 |
| SIS | Simble Solutions Ltd | 02/22/2018 | 0.2 | 0.067 | -0.665 |
| B2Y | Bounty Mining Ltd | 06/19/2018 | 0.35 | 0.11 | -0.685714285714 |
| SIL | Smiles Inclusive Ltd | 04/27/2018 | 1 | 0.31 | -0.69 |
| WHK | WhiteHawk Ltd | 01/24/2018 | 0.2 | 0.06 | -0.7 |
| POD | Podium Minerals Ltd | 02/28/2018 | 0.2 | 0.056 | -0.72 |
| RZI | Raiz Invest Ltd | 06/21/2018 | 1.8 | 0.5 | -0.722222222222 |
| AX8 | Accelerate Resources Ltd | 02/14/2018 | 0.2 | 0.054 | -0.73 |
| CM1 | Coolgardie Minerals Ltd | 08/30/2018 | 0.2 | 0.052 | -0.74 |
| FDX | Frontier Diamonds Ltd | 01/05/2018 | 0.2 | 0.024 | -0.88 |
Meanwhile, there’s a new player in the resources space.
Australian Industrial Minerals emerged in February last year and is now paving its way to the ASX.
The company is undertaking an IPO to raise $5m at 20c per share to fund the development of its Harts Range mine, which hosts garnet and hornblende.
These minerals are used in the industrial abrasive industry because they are low cost.
Garnet is typically used in abrasive blast cleaning, waterjet cutting and water filtration applications, while hornblende is usually only used in abrasive blast cleaning.
Australian Industrial Minerals is aiming to light up the boards by March 28.
Hemp grower Ecofibre has made clear its plans to try and raise between $15m and $20m by issuing shares at $1 per share so it too can list on the ASX.
Ecofibre wants to commercialise hemp-based products in textiles and composite materials as well as accelerate the growth of its hemp food products.
The company is likely to be the first cannabis-related IPO in 2019.
The IPO opens February 18 and closes March 4. Listing is slated for March 29.
The dairy formula crew is getting a new member as Australian Nutrition & Sports asks for $8m to help it join the ASX.
The Victoria-based company’s goal is to be listed by April 3.
Australian Nutrition & Sports markets milk formula for kids aged 12 months and under and adults over 50, as well as a range of protein products including powder, shakes, bars and something called “rapid energy gels”.
US-based biotech Koligo Therapeutics has filed a prospectus with ASIC outlining its plans to raise between $6m and $7m.
Koligo is focused on the development and commercialisation of a range of cell therapy, three-dimensional bio-printed tissue and other regenerative medicine products.
The company recently started selling its first cell therapy transplant product, Kyslecel, in the US.
Kyslecel is used in the treatment of patients suffering from chronic or acute recurrent pancreatitis, a debilitating and painful condition with few effective treatment options.
Koligo is hoping to make its debut on March 29.
Here’s a table of upcoming floats:
| Company | ASX code | IPO status | Focus | Fund raising | Issue price |
|---|---|---|---|---|---|
| African Gold | A1G | Due to list Feb 14 | Gold | $4.5m | 20c |
| AltoStratos | ATO | Offer due to close Feb 22; Due to list Mar 5 | Supply chain delivery technology | $16-$25m | 40c |
| Australian Industrial Minerals | AAM | Offer opens Feb 18; Due to list Mar 28 | Industrial minerals | $5m | 25c |
| Australian Nutrition & Sports | AN1 | Offer opens Feb 15; Due to list Apr 3 | Dairy formula | $5-$8m | 20c |
| AXS Group | AXS | Offer closing Feb 20; Due to list Feb 28 | Software provider to the finance, insurance and funds sector | $7m | 25c |
| Candy Club | FPO | Was due to list Jan 4 | Subscription confectionary | $4.5-$8m | 20c |
| Canterbury Resources | CBY | Listing date extended to Feb 28 | Copper, gold | $7.8m | 30c |
| Carnaby Resources | - | Prospectus not yet issued; Considering listing in 2019 | Gold | - | - |
| Ecofibre | Offer opens Feb 18; Due to list Mar 29 | Hemp products | $15-$20m | $1 | |
| Expose Resources | EXX | Was due to list Nov 29 | Gold | $4.5m | 20c |
| Frugl | Pre-IPO funding; planning listing | Grocery price comparison | - | - | |
| irexchange | IRX | Due to list Feb 25 | Retail tech | $17.5m | 90c |
| IXT | IXT | Was due to list Dec 21 | Services and software | $7m | 20c |
| Jobstore Group | JOB | Due to list Dec 5 | AI-powered recruitment | $6.6-8m | 20c |
| Koligo Therapeutics | KOL | Offer opens Feb 18; Due to list Mar 29 | Regenerative medicine | $6-$7m | 20c |
| Mediland Pharma | Listing extended to February 22 | Daigou retailer | $12.5-15m | 20c | |
| Rolek Resources | RLK | Backdoor listing via Shaw River (ASX:SRR); Listing expected by April | Manganese | $5m | 2c |
| Trigg Mining | TMG | Postponed until 2019 | Potash | - | |
| Uniti Wireless | UWL | Due to list Feb 13 | Telecommunications - wireless internet | $18m | 25c |
| XS Resources | XS1 | Listing extended to Mar 4 | Precious, base metals | $4.5m | 20c |
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