IPO Wrap: Explorers, sports betting dominate July's best performing ASX IPOs

The ASX is on track to record the most IPOs since 2008, with 95 new listings in calendar year 2021 already.

In July alone, there were 33 debutants on the bourse, with a few more to come before the month is out.

Code	Company	Listing Price	Current Price	%	MktCap	Sector
HMI	Hiremii	0.2	0.088	-56	$5.2M	Tech
MKL	Mighty Kingdom	0.3	0.155	-49	$14.9M	Tech
OZM	OzAurum Resources	0.25	0.13	-48	$6.8M	Resources
GEN	Genmin	0.34	0.185	-46	$52.2M	Resources
AUA	Audeara	0.2	0.11	-45	$7.0M	Tech
AWJ	Auric Mining	0.25	0.14	-44	$6.2M	Resources
PHL	Propell	0.2	0.115	-43	$9.4M	Tech
MFB	My Food Bag	1.85	1.25	-33	$303M	Consumer
3MF	3D Metalforge	0.2	0.14	-30	$13.9M	Industrial
AGC	Australian Gold & Copper	0.2	0.15	-25	$10.5M	Resources
ICL	Iceni Gold	0.2	0.15	-25	$16.6M	Resources
A8G	Austalasian Gold	0.2	0.15	-25	$4.9M	Resources
POL	Polymetals Resources	0.2	0.155	-23	$5.6M	Resources
BGD	Barton Gold	0.25	0.2	-20	$17.2M	Resources
TBN	Tamboran Resources	0.4	0.32	-20	$137.0M	Resources
RBX	Resource Base	0.2	0.16	-20	$5.4M	Resources
BEX	Bike Exchange	0.26	0.21	-19	$30.0M	Tech
PPM	Pepper Money	2.89	2.37	-18	$1.1B	Financial
LDR	Lode Resources	0.2	0.165	-18	$5.9M	Resources
OZZ	Ozz Resources	0.2	0.165	-18	$4.4M	Resources
HIQ	HitIQ	0.2	0.165	-17	$18.1M	Tech
MLG	MLG	1	0.84	-16	$122.0M	Resources
GFN	Gefen	1	0.84	-16	$45.0M	Tech
MPA	Mad Paws	0.2	0.17	-15	$33.1M	Tech
FG1	Flynn Gold	0.2	0.17	-15	$10.2M	Resources
TRU	Truscreen	0.065	0.056	-14	$21.0M	Health
EZZ	EZZ Life Science	0.5	0.43	-14	$5.3M	Consumer
WMG	Western Mines	0.2	0.175	-13	$5.5M	Resources
FLX	Felix Group	0.3	0.265	-12	$29.2M	Tech
BMO	Baston Minerals	0.2	0.175	-12	$10.0M	Resources
BDX	BCAL Diagnostics	0.25	0.22	-12	$26.3M	Health
LFS	Latitude Group	2.6	2.35	-10	$2.4B	Financial
JNO	Juno	0.25	0.225	-10	$31.9M	Resources
AM7	Arcadia Minerals	0.2	0.18	-10	$6.2M	Resources
ALB	Albion Resources	0.2	0.185	-8	$5.2M	Resources
EPX	EPT Global	0.2	0.185	-8	$21.5M	Tech
SB2	Salter Brothers	1	0.92	-8	$86.8M	Financial
CDR	Codrus Minerals	0.2	0.185	-8	$7.4M	Resources
CHL	Campify	1.42	1.32	-8	$35.0M	Tech
LKY	Locksley Resources	0.2	0.185	-8	$5.4M	Resources
MTM	Mt Monger Resources	0.2	0.185	-8	$4.9M	Resources
KED	Keypath Education	3.71	3.45	-7	$718.0M	Tech
LDX	Lumos Diagnostics	1.25	1.16	-7	$179.0M	Health
ACL	Au Clinical Labs	4	3.75	-6	$759.0M	Health
FOS	FOS Capital	0.25	0.235	-6	$2.8M	Industrial
TG1	TechGen Metals	0.2	0.19	-5	$7.1M	Resources
NKL	Nickelx	0.2	0.19	-5	$10.2M	Resources
NXG	Nex Gen Energy	5.6	5.4	-4	$2.1M	Energy
M24	Mamba Exploration	0.2	0.18	-3	$6.8M	Resources
PEX	Pexa	17.13	16.87	-2	$3.0B	Tech
AS2	Askari Metals	0.2	0.195	-2	$5.9M	Resources
NNG	Nexion	0.2	0.2	0	$11.5M	Tech
WGR	Western Gold Resources	0.2	0.2	0	$11.9M	Resources
LGL	Lynch Group	3.6	3.66	1	$447.0M	Industrial
BTN	Butn	0.5	0.49	1	$32.5M	Tech
DRA	DRA Global	3.95	4	1	$233.0M	Industrial
CHR	Charger Metals	0.2	0.205	2	$6.4M	Resources
NOL	Nobleoak Life	1.95	1.99	2	$167.0M	Financial
AGN	Argenica Theraprutics	0.2	0.205	3	$9.2M	Health
WAR	WAM Strategic Value	1.25	1.295	4	$233.0M	Financial
TRN	Torrens Mining	0.2	0.21	5	$18.8M	Resources
DEL	Delorean	0.2	0.21	5	$37.6M	Energy
DDH	DDH Drill	1.1	1.17	6	$405.0M	Industrial
PGO	Pac Gold	0.25	0.265	6	$8.3M	Resources
1VG	Victory Goldfields	0.2	0.22	10	$6.7M	Resources
BCA	Black Canyon	0.2	0.225	13	$7.2M	Resources
29M	29Metals	2	2.26	13	$1.1B	Resources
KCC	Kincora Copper	0.2	0.23	15	$16.2M	Resources
AQN	Aquirian	0.2	0.23	15	$19.2M	Resources
SLH	Silk Logistics	2	2.36	18	$182.0M	Industrial
MMG	Monger Gold	0.2	0.24	20	$6.0M	Resources
AE1	Aerison	0.2	0.24	20	$71.2M	Industrial
PWR	Peter Warren	2.9	3.5	21	$583.0M	Consumer
DGL	DGL Group	1.21	1.5	24	$386.0M	Industrial
BST	Best & Less	2.16	2.67	24	$308.0M	Consumer
MM8	Medallion Metals	0.2	0.26	30	$21.0M	Resources
GL1	Global Lithium	0.2	0.265	33	$26.7M	Resources
SHG	Singular Health	0.2	0.275	38	$17.5M	Health
OPN	OpenNegotiation	0.2	0.275	38	$31.0M	Tech
92E	92Energy	0.2	0.28	40	$10.8M	Energy
ART	Airtasker	0.65	0.965	48	$389.0M	Tech
IND	Industrial Minerals	0.2	0.3	50	$8.3M	Resources
ILA	Island Pharmaceuticals	0.2	0.31	55	$13.1M	Health
CHM	Chimeric Therapeutics	0.2	0.33	65	$62.0M	Health
QML	Qmines	0.2	0.33	65	$14.8M	Resources
TRJ	Trajan	1.7	2.92	72	$374.0M	Health
LM8	Lunnon Metals	0.3	0.52	73	$39.8M	Resources
BUR	Burley Minerals	0.2	0.355	78	$11.8M	Resources
BBT	Bluebet	1.14	2.24	96	$440.0M	Consumer
BBM	Balkan Mining	0.2	0.42	110	$13.1M	Resources
5GG	Pentanet	0.25	0.56	124	$110.0M	Tech
PGD	Peregrine Gold	0.2	0.45	125	$13.0M	Resources
AR3	Aust Rare	0.3	0.755	152	$33.4M	Resources
FRB	Firebird Meta	0.2	0.53	165	$26.0M	Resources

Australian Rare Earths (ASX:AR3) was amongst the best performers, trading at 76c today from a listing price of 30c.

The company raised $12m in an oversubscribed IPO, to fund its flagship Koppamurra Project in SA and Vic.

The project is said to be Australia’s largest ionic clay hosted rare earth element (RRE), and has already declared a maiden mineral resource.

Another explorer, Balkan Mining (ASX:BMM), has more than doubled after its IPO.

The lithium and borate explorer raised $6.5m, and was spun out of Jadar Resources (ASX:JDR), a 22% holder, and was backed by a $2m cornerstone investment from Sandfire Resources (ASX:SFR).

It listed at 20c and is now trading at 42c, giving Balkan the ideal start to exploration activities on its Rekovac lithium and borate project in the Vardar Zone of Serbia.

Rekovac is said to have similar geological settings to Rio Tinto’s world-class Jadar discovery, which contains a mammoth ore reserve of 16.6Mt at 1.81% lithium oxide and 13.4% boron trioxide.

Sports betting platform, Bluebet (ASX:BBT), raised $80 million at $1.14 per share in the IPO, and is now trading at $2.23.

The company has big expansion plans in the US, and with only 19 states plus the District of Columbia having legalised betting, the runway is still a long one for the company.

“We’ve been developing this product over a long period of time, it’s clearly worked in Australia, we’ve got a good profitable business and we think there’s a chance to go to the US,” Bluebet CEO Michael Sullivan told Stockhead last month.

Best and worst ASX IPOs for the year

As reported by Stockhead, the average gain of ASX IPOs has been falling in recent weeks, and in June, the average gain was only 11 per cent.

Best performing IPO of the year has been that of Firebird Metals (ASX:FRB), which has risen by 165% since its debut.

The company is a manganese explorer that was spun off from parent Firefly Resources (ASX:FFR). It owns the Oakover and Hill 616 projects in the Pilbara regions well known for their manganese deposits.

Meanwhile, the worst performing IPO this year was recruitment tech Hiremii (ASX:HMI), which listed in May and has since lost more than half its value.

The company has a proprietary AI technology – Hiremii Recruitment – that sorts through job applications and matches them with employer requirements thereby saving them time.

The company raised $6m in the IPO, but has run straight into a job market that has been ravaged by lockdowns recently.

Notable upcoming IPOs

Code	Company	Price per share	Capital raised	Listing Date	Sector
ETT	East33	29-Jul	0.2	$32m	Consumer
M3M	M3 Mining	29-Jul	0.2	$4.6M	Resources
PFE	Pantera Minerals	5-Aug	0.2	$7m	Resources
BMR	Ballymore Resources	6-Aug	0.2	$11m	Resources
CNR	Cannon Resources	12-Aug	0.2	$6m	Resources
CPO	Culpeo	17-Aug	0.2	$6m	Resources
TMB	Tambourah Metals	20-Aug	0.2	$8m	Resources
KNI	Kuniko	23-Aug	0.2	$7.9M	Resources
CU6	Clarity Pharmaceuticals	25-Aug	1.4	$92.0M	Health
LGM	Legacy Minerals	26-Aug	0.2	$7m	Resources
KNB	Koonenberry Gold	30-Aug	0.2	$10m	Resources
LIS	Li-S Energy	30-Aug	0.85	$34m	Tech
BEZ	Besera Gold	7-Sep	0.2	$12.5M	Resources
MMI	Midas Minerals	7-Sep	0.2	$6m	Resources
IR1	Iris Metals	10-Sep	0.2	$7m	Resources