IPOs of 2018: The few that floated when most didn’t
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IPOs were a dark place to be in Australia this year.
Only 22 of the 95 listings that Stockhead has tracked since the start of the year are in the black — and four of those couldn’t even crack double figures.
>> Scroll down to find who went up — and who went down — in 2018
But the IPOs that went right really killed it this year. These are the top 10 listings — based on how much they’re up on their offer price — that happened this year:
Adriatic Metals (ASX:ADT) – 185 per cent
The British explorer with Bosnian base metals actually had a pretty slow start to life.
But copious amounts of news and the happy discovery of precious metals, from gold to silver, made it the top IPO performer this year.
Exopharm (ASX:EX1) – 163 per cent
This is Australia’s way into the creepy-but-cool anti-ageing sector — and we’re not talking about overblown skincare regimes.
The new-look anti-ageing sector is all about manipulating your body’s proteins and genes to recover faster and — although this isn’t Exopharm’s line — live longer but remain physically younger.
They only listed in December and have been one of the few to inspire not only interest but actual participation, in a period that has been a killer for IPOs.
Elixinol Global (ASX:EXL) – 140 per cent
But what they’ve really been waiting for is the hemp legalisation in the US — investors reckon that as soon as that gets the final presidential signature, Elixinol is going to make this year’s gains look like peanuts.
Keytone Dairy (ASX:KTD) — 80 per cent
Keytone was one of the last to jump on the milk-powder-to-China theme in the ASX, proving that investors are still keen on the concept.
The IPO did send them deep into loss-making territory but little news and a falling market have taken their toll recently.
PayGroup (ASX:PYG) – 71 per cent
It was a tortuous route to market for PayGroup but they pulled it off on their third attempt.
What started in Singapore in 2006 as a “side hustle” for the managing director’s wife to run has turned into a flourishing payroll business in Asia and Australia.
But it’s still ended slightly down on its debut day: the stock ran 74 per cent on its first day on the ASX.
Readcloud (ASX:RCL) – 50 per cent
This company was a favourite of investors — especially when it hit a massive 62c in August.
But while they’re trailing closer to annual lows than highs, they’re still up enough to their IPO issue price to be the number six best performing debut of the year.
Security Matters (ASX:SMX) – 50 per cent
Security Matters rolled into at number seven for the year.
It is one of only 12 companies in Intel’s Ingenuity Partner Program, which will allow it to safeguard and enhance its products through direct collaboration with Excel.
Clearvue Technologies (ASX:CPV) – 48 per cent
Everyone loves Clearvue and the company’s solar-power making windows.
They loved it a bit less in September after it revealed a loss blowout caused by rising costs, however.
The stock has recovered enough to make it a top 10 IPO performer, at least.
Calix (ASX:CXL) – 37 per cent
Your sewer stinks, so who you gonna call? These guys.
The drain de-odouriser launched itself at the ASX with a process called “Calix Flash Calcination” which produces a porous product that can be used in waste water management and aquaculture projects.
Alliance Mineral Assets (ASX:A40) – 30 per cent
The only other resource stock to make into the top 10 were these guys, a company that listed on Wednesday with a lovely day-one price rise.
Since we ran the numbers the stock has dipped to a less flattering 23c.
|Company||Code||Offer price $||Price Dec 19 $||% change since listing|
|Keytone Dairy Corp||KTD||0.2||0.36||0.8|
|Alliance Mineral Assets||A40||0.2||0.26||0.3|
|EMvision Medical Devices||EMV||0.25||0.31||0.22|
|Eagle Mountain Mining||EM2||0.2||0.24||0.2|
|Qualitas Real Estate Income Fu||QRI||1.6||1.76||0.1|
|Ardent Leisure Group||ALG||1.49||1.58||0.06|
|Star Combo Pharma||S66||0.5||0.53||0.05|
|Hearts and Minds Investments L||HM1||2.5||2.53||0.01|
|Duxton Broadacre Farms||DBF||1.5||1.50||0|
|Gryphon Capital Income Trust||GCI||2||2.00||0|
|NB Global Corporate Income Tru||NBI||2||2.00||0|
|Tribeca Global Natural Resourc||TGF||2.5||2.49||0|
|Althea Group Holdings||AGH||0.2||0.19||-0.08|
|Redcape Hotel Group||RDC||1.13||1.04||-0.08|
|WCM Quality Global Growth Fund||WCMQ||5||4.51||-0.1|
|Pivotal Systems Corp||PVS||1.86||1.60||-0.14|
|Data Exchange Network /The||DXN||0.2||0.16||-0.23|
|Stealth Global Holdings||SGI||0.2||0.15||-0.25|
|Viva Energy Group||VEA||2.5||1.87||-0.25|
|Coronado Global Resources Inc||CRN||4||2.96||-0.26|
|Angel Seafood Holdings||AS1||0.2||0.14||-0.3|
|Golden State Mining||GSM||0.2||0.14||-0.3|
|Black Cat Syndicate||BC8||0.2||0.14||-0.33|
|Moho Resources NL||MOH||0.2||0.14||-0.33|
|L1 Long Short Fund||LSF||2||1.34||-0.33|
|Wide Open Agriculture||WOA||0.2||0.12||-0.43|
|Microequities Asset Management||MAM||0.8||0.44||-0.46|
|Black Dragon Gold||BDG||0.2||0.10||-0.5|
|Blackearth Minerals NL||BEM||0.2||0.09||-0.58|