Capital raised via IPOs is down a massive 75pc year-on-year
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Money raised through initial public offerings on the ASX has plummeted in the 2020 financial year to date, as the number of new listings has halved.
$1.6 billion in initial capital has been raised via the ASX in the financial year to date, down 75 per cent on $6.6 billion this time last year.
That is commensurate with a lower number of new listings — only 18 new entities have been admitted to the list, compared with 37 in the prior corresponding period.
The slowdown in IPOs has not deterred investors, however, with the average daily number of trades up 30pc to 1.7 million, with the average daily value traded on-market of $5.4b up 17pc. Total cash market value was $140.8b, up 29pc.
And secondary capital — money raised via the ASX after a company has been admitted — is up 17pc year-on-year: $13.5b compared with $11.5b.
Total capital raised thus far in FY20 is sitting at $15.1 billion, 17pc down on FY19’s $18.2b at the same point.
There are 2242 entities listed on the ASX, 52 less than this time last year.
Here’s a performance rundown of this year’s ASX entrants:
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|Listing Date||ASX Code||Company||IPO Price||Price Aug 27||% Change to date|
|02/13/2019||UWL||Uniti Group Ltd||0.25||1.495||5.22|
|01/29/2019||SPT||Splitit Payments Ltd||0.2||0.625||2.13|
|06/21/2019||VGI||VGI Partners Ltd||5.5||17||2.09|
|04/18/2019||NXS||Next Science Ltd||1||2.93||1.93|
|06/07/2019||VVA||Viva Leisure Ltd||1||2.18||1.18|
|06/12/2019||PBH||PointsBet Holdings Pty Ltd||2||3.66||0.83|
|07/05/2019||IXC||Invex Therapeutics Ltd||0.4||0.65||0.62|
|08/30/2019||IMR||Imricor Medical Systems Inc||0.83||1.25||0.51|
|02/22/2019||MPH||Mediland Pharm Ltd||0.2||0.3||50%|
|06/14/2019||2BE||Tubi Pty Ltd||0.2||0.28||0.4|
|02/14/2019||A1G||African Gold Ltd||0.2||0.26||0.3|
|04/30/2019||PE1||Pengana Private Equity Trust||1.25||1.57||0.26|
|08/16/2019||FCL||Fineos Corp Holdings PLC-CDI||2.5||3||0.2|
|06/14/2019||VOL||Victory Offices Ltd||2||2.4||0.2|
|05/28/2019||IAP||Investec stralia Property Fu||1.32||1.56||0.18|
|04/17/2019||RDY||Readytech Holdings Ltd||1.51||1.78||0.18|
|05/07/2019||MRZ||Mont Royal Resources Ltd||0.2||0.23||0.15|
|06/11/2019||PGL||Prospa Group Ltd||3.78||4.3||0.14|
|10/01/2019||MAD||Mader Group Ltd||1||1.11||0.11|
|06/17/2019||RF1||Regal Investment Fund||2.5||2.68||0.07|
|05/14/2019||PCI||Perpetual Credit Income Trust||1.1||1.155||0.05|
|04/29/2019||MOT||MCP Income Opportunities Trust||2||2.06||0.03|
|09/26/2019||PGG||Partners Group Global Income F||2||2.05||0.03|
|06/06/2019||PKS||PKS Holdings Ltd||0.2||0.19||-5%|
|05/24/2019||TIP||Teaminvest Private Group Ltd||1||0.82||-18%|
|08/27/2019||APV||Appsvillage stralia Ltd||0.2||0.155||-23%|
|03/07/2019||CBY||Canterbury Resources Ltd||0.3||0.215||-28%|
|10/03/2019||TMG||Trigg Mining Ltd||0.2||0.12||-40%|
|02/19/2019||CLB||Candy Club Holdings Ltd||0.2||0.07||-65%|