Upcoming ASX IPOs: There’s a big bunch coming this fortnight
Link copied to
The list of upcoming ASX IPOs has several set to enter the bourse in the next two weeks.
At least nine companies which have raised over $470 million between them will list in the next fortnight.
A significant portion are is e-commerce plays, the biggest of which is Kate Morris-founded beauty boutique Adore Beauty which has raised over $200 million.
Others include MyDeal, which has raised $40 million and Zebit which has raised $35 million.
The former of these stocks focuses on furniture and antiques while the latter is a broad e-commerce platform with its own buy now pay later product and is the latest American tech stock to list Down Under.
Other consumer focused stocks include protein powder maker Nutritional Growth Solutions (NGS) and internet service provider Aussie Broadband.
Meanwhile, the cohort of new listees in 2020 continues to perform well. The average gain since listing is 58 per cent.
Software platform COSOL (ASX:COS) is still on top having gained over 250 per cent but it is no longer the only stock to have tripled since listing.
Lung imaging software maker 4DMedical (ASX:4DX) has also more than tripled having surged since receiving the green regulatory light in Australia.
Four other stocks are sitting on gains between 100 and 200 per cent including gold stocks Manuka Resources (ASX:MKR) and Kaiser Reef (ASX:KAU) as well as additive manufacturer AML3D (ASX:AL3) and mining services company Dynamic Drill & Blast (ASX:DDB).
One of the newer listees, Siren Gold (ASX:SNG), is up over 80 per cent since listing last week.
This month’s other newcomer – tungsten and lithium play Pan Asia Metals (ASX:PAM) – hasn’t had as much success, losing 10 per cent since listing.