The ASX IPO market has been hot in 2020 but the run is still not over.

Every year there’s a pre-Christmas rush on the ASX and this year’s lists of newcomers is one to rival last year.

The action kicks off later today with the listing of WA gold and base metals explorer Caspin Resources.

Fellow WA players, WA Kaolin and gold play Aurimin are set to join them on Thursday and Monday respectively.

The former will intriguing to watch, being the ASX’s second kaolin stock after Suvo Strategic Minerals (ASX:SUV).

Suvo is nearly a 7-bagger since its reverse takeover in August. Its shares have particularly rallied this week since Monday’s news it was buying Imery’s kaolin mining and processing operations – the only one of its kind in Australia.

All up, nearly 30 companies will list in December, most of which will come in the first week.

There’s a surge of activity on Friday December 4, with three of the biggest IPOs this year. These include forensic software company Nuix, raising $275.6 million, construction company Maas Group which is raising just over $145 million and telehealth play Doctor Care Anywhere raising $102 million.

Other notable IPOs next week include seafood stock East 33 and ecommerce play Booktopia which are both due to list next Thursday, December 3. These companies are raising $43 million and $32 million respectively.

Here’s a list of upcoming IPOs…

Code Company Price Capital Raised Listing Date Sector
CPN Caspin Resources 0.2 $8m 25-Nov Resources
WAK WA Kaolin 0.2 $22.0M 27-Nov Resources
AUN Aurumin 0.2 $7m 30-Nov Resources
CHA Chaucer Energy 0.2 $5.5M 1-Dec Energy
HXL Hexima 0.2 $3.0M 1-Dec Health
PRS Prospech 0.2 $5.0M 1-Dec Resources
PRS Prospech 0.2 $5m 1-Dec Resources
CRW Cashrewards 1.73 $65m 2-Dec Consumer - cashback rewards
BKG Booktopia 2.3 $43.1M 3-Dec ecommerce
E33 East 33 0.2 $32.0M 3-Dec Consumer - seafood
BPM BPM Minerals 0.2 $4.5M 3-Dec Resources
DOC Doctor Care Anywhere 0.8 $102m 4-Dec Health
MGH Maas Group Holdings 2 $145.6M 4-Dec Industrial
NXL Nuix 5.31 $275.6M 4-Dec Tech
CBL Control Bionics 0.6 $15m 7-Dec Tech
LV1 Live Verdure 0.2 $5.0M 8-Dec Consumer - food
YFZ Youfoodz 1.5 $70.0M 8-Dec Consumer - food
LV1 Live Verdure 0.2 $5m 8-Dec Consumer
CLU Cluey 1.2 $30m 9-Dec Consumer - edtech
DM1 Desert Metals 0.2 $5m 9-Dec Resources
RCR Rincon Resources 20 $6m 10-Dec Resources
TSI Top Shelf 2.21 $35m 10-Dec Consumer - beverages
AKO Akora Resources 0.25 $5m 11-Dec Resources - Iron Ore
ERW Errawarra Resources 0.2 $6m 11-Dec Resources
SOV Sovereign Cloud Holdings 0.75 $20.0M 14-Dec Tech
WSR Westar Resources 0.2 $5.0M 14-Dec Resources
GNP GenusPlus 0.96 $32.8M 14-Dec Telco
BNZ Benz Mining Corp 0.5 $2m 15-Dec Resources
KFM Kingfisher Mining 0.2 $6m 17-Dec Resources
PYR Payright 1.2 $20m 23-Dec Tech
MM8 Medallion Metals 0.4 $20m 24-Dec Resources

 

2020 IPOs starting to lag but many still hot

Since we last checked in on the average IPO performance a fortnight ago, the gain has dropped from 46 per cent to 37 per cent.

While some of the blame can be credited to some earlier listees losing some ground, the past fortnight of ASX IPOs hasn’t been particularly hot.

Fintech lender Harmoney (ASX:HMY) and Hipages (ASX:HPG) have both flatlined since debut.

However Universal Store Holdings (ASX:UNI) is sitting 17 per cent higher despite its listing being delayed by a day thanks to the ASX outage.

2020’s top two IPOs, both of which have more than tripled, are software platform COSOL (ASX:COS) and lung-focused medtech 4DMedical (ASX:4DX).

Some ASX IPOs that were far from hot on debut have lifted their game in recent days. WA cannabis cultivator Little Green Pharma (ASX:LGP) has nearly reached parity with its IPO price following a great few months for the cannabis sector.

And fragrance retailer Dusk Group (ASX:DSK) has been gradually improving too as the Christmas shopping season looms.

Here’s a list of IPOs in 2020…

Note: Data excludes reverse takeovers and secondary listings.
Code Company Listing Price Current price % MktCap
4DX 4Dmedical Limited 0.74 2.34 216 $376.7M
ABB Aussie Broadband 1 1.84 84 $375.0M
ABY Adore Beauty 6.75 6.7 -0.1 $601.0M
AIM Access Innovation 1.23 1.03 -16 $163.9M
AL3 Aml3D 0.2 0.435 118 $42.4M
ARX Aroa Biosurgery 0.75 1.29 72 $390.1M
AT1 Atomo Diagnostics 0.2 0.33 65 $138.4M
CBE Cobre 0.2 0.17 -15 $10.6M
CCR Credit Clear 0.35 0.75 15 $145.0M
COD Coda Minerals Ltd 0.3 0.34 13 $26.1M
COS Cosol Limited 0.2 0.785 293 $82.4M
CSX Cleanspace Holdings 4.41 5.86 33 $516.8M
DC2 Dctwo 0.2 0.31 55 $6.1M
DDB Dynamic Drill 0.2 0.54 170 $15.5M
DSK Dusk Group 2 1.75 13 $106.0M
DUG DUG Tech 1.35 1.19 -12 $113.9M
EMD Emyria Limited 0.2 0.071 -65 $8.9M
FFF Forbidden Foods 0.2 0.29 45 $13.8M
HMY Harmoney 3.5 3.25 -7 $338.0M
HPG Hipages 2.45 2.35 -4 $312.0M
ICR Intelicare Holdings 0.2 0.26 30 $9.8M
KAU Kaiser Reef 0.2 0.41 105 $11.0M
LBY Laybuy Group Holding 1.41 1.4 -1 $259.9M
LGP Little Green Pharma 0.45 0.445 -1 $32.7M
M2R Miramar 0.2 0.31 55 $15.6M
MEG Megado 0.2 0.17 -15 $8.6M
MKR Manuka Resources. 0.2 0.46 30 $32.6M
MHK Metalhawk 0.2 0.245 23 $6.3M
MYD Mydeal.com.au 1 1.27 27 $373.0M
NSM North Stawell 0.5 0.45 -10 $19.6M
PAM Pan Asia Metals 0.2 0.15 -25 $7.1M
PLT Plenti Group Limited 1.66 1.24 -25 $172.0M
SNG Siren Gold 0.25 0.54 116 $25.2M
SRJ SRJ Technologies 0.5 0.5 0 $40.0M
TDY Thedocyard Limited 0.2 0.19 -5 $14.7M
ZBT Zebit Inc. 1.58 1.03 -35 $111.7M
UNI Universal Store 3.8 4.45 17 $309.0M

 

At Stockhead, we tell it like it is. While Suvo is a Stockhead advertiser, it did not sponsor this article.