IPO Watch: Which sector has provided the best performing IPOs in 2021?

2021’s list of ASX IPOs, now standing at over 80, has returned an average of 11% but two best sectors are performing better than that.

The best performing sector is health and life sciences space with an average gain of 27% while resources has gained 15.9%.

Here’s a list of all of 2021’s ASX IPOs

Swipe or scroll to reveal the full table (best viewed on a laptop). Click headings to sort.

The best performing IPO sector 2021 is health

The list of health IPOs in 2021 may be less than 10 but only one company is under water and most have clocked up healthy gains.

Sitting on gains of over 60 per cent are cancer fighting biotech Chimeric Therapeutics (ASX:CHM) and mosquito disease focused company Island Pharmaceuticals (ASX:ILA).

Following closely behind with gains of over 40 per cent are medical imaging company Singular Health Group (ASX:SHG) as well as Trajan Group (ASX:TRJ) which makes precision consumable products, devices and solutions for healthcare among other sectors.

Resources

Next is resources with an average gain of 16%. But just look at battery metals stocks and you’ll find a 21% gain.

Leading is Balkan Mining and Minerals (ASX: BMM), which has a lithium-borate project in Serbia and was spun out of Jadar Resources (ASX:JDR), which retains a 22% stake.

While there have only been two manganese IPOs in 2021 both have run hot with Black Canyon (ASX:BCA) up over 30% and Firebird Metals (ASX:FRB) which has more than tripled.

The only rare earths IPO of 2021, Australian Rare Earths (ASX:AR3) has gained 130%.

Other sectors

The tech sector has produced the most non-resources IPOs but is just under 1 per cent.

It has produced several successes, particularly Pentanet (ASX:5GG) which is up over 170%, but some flops such as Hiremii (ASX:HMI) which is down over 50 per cent and Mighty Kingdom (ASX:MKL) which is down 38%.

Energy is the only sector in the red, albeit only slightly with its two listees this year Delorean (ASX:DEL) and NexGen Energy (ASX:NXG) slightly below water.

Consumer stocks are up 7 per cent with top performers including Bluebet (ASX:BBT), up 49% and Peter Warren (ASX:PWR) which is up 19%.

Upcoming IPOs

After a hectic couple of weeks to kick off July which saw nearly 20 companies list, the queue is decreasing but it is still 17 companies long.

A couple of them are delayed IPOs including Israeli tech stock Gefen (ASX:GFN) which is now listing next Wednesday and oyster company East 33 (ASX:ETT) which is now listing later this month.

Two of the larger ones, which are raising over $60 million, are Best & Less (ASX:BST) which owns the Best & Less chain, as well as Postie in New Zealand and insurer Noble Oak (ASX:NOL).

The pair will also list before this month is out.