From cannabis for pets to infant milk formula, ASX debutants make quite the class for 2017.

Overall there have been 93 IPOs on the market to November 30, not including reverse takeovers or re-listings.

On the most part, they have performed quite well – if all participants were equally weighted, average performance would be around 82 per cent.

But, don’t let that fool you – IPO performance was almost equally mixed. Just over 52 per cent of the IPOs ended above their issue price over the period.

Top of the pops

  1. Cann Group (CAN) 900 per cent
  2. Alderan (AL8) 830 per cent
  3. Wattle Health (WHA) 785 per cent
  4. Ardea (ARD) 695 per cent
  5. Bubs (BUB) 665 per cent

Starting with the top five success stories for the year and you can’t go past the in-vogue thematic of medicinal cannabis.

Huge leaps and bounds have been made at home and abroad in the medicinal cannabis space and debutant Cann Group have been able to capitalise on the excitement in the market.

The company (ASX:CAN) listed in May, after raising $13.5 million at an issue price of 30c.

But by December the company had risen to more than $3 and a market cap in excess of $254 million.

At the time of compilation, the stock was the biggest winner for the year, up 900 per cent in just 8 months.

CAN shares in the past year. Source: Investing.com

Battery metals also had their time in the sun this year, taking two of the top 5 spots for IPO triumphs.

USA copper explorer Alderan (ASX:AL8) was up 830 per cent for the year and Australia cobalt play Ardea (ASX:ARL) up 695 per cent after both issued at 20c.

Rounding out the top 5 was two China-focussed infant milk powder exporters – Wattle Health (ASX: WHA) and Bubs (ASX:BUB).

The demand for clean, green Australian products to China has spurred Wattle’s stock price up to 785 per cent of its listing price of 20c while goat milk maker Bubs took out 5th spot with 665 per cent from 10c.

But what goes up… must come down

  1. Servtech Global (SVT) -90 per cent
  2. United Networks (UNL) -65 per cent
  3. JiaJiafu Modern (JJF)  -62 per cent
  4. Velocity Property (VP7) -62 per cent
  5. Freehill Mining (FHS) -60 per cent

A lot has been said about the IPOs that have performed well and how much money has been made, but FinTwits tend to be very quiet on what has not worked.

Despite what they may say, it has not been all cupcakes and rainbows in the IPO space with a number that have been disappointing for investors.

The gong for worst performance goes to ServTech (ASX:SVT) who debuted at a listing price of 20c with lofty goals to revolutionise the way businesses manage transactions.

Unfortunately, that didn’t happen and at the time of writing the stock was suspended to respond to an ASX aware query.

SVT shares over the past year. Source: Investing.com

In a similar vein, digital consumer engagement ecosystem United Networks (ASX:UNL) flopped 65 per cent, last trading at 6.4c.

But the rest of the top five was a mixed bag – a potato farmer in JJF, property developer in VP7 and Chilean magnetite sand miner in FHS.

Sectors of growth

More broadly across the 93 listings you can see the enthusiasm for electric cars by the number of cobalt and lithium miners.

Tech had the next largest number of IPOs with 11 coming to market, but it was the food and beverage sector that was the best performing sector due to the robust performance of the milk formula exporters.

IPO performance has been dispersed across a wide range of sectors but it’s the top 10 IPOs that have made the largest contribution to the performance of them all. If you did not get the top 10 stocks, you’re likely not celebrating quite as hard this year.

For canny investors that avoided the tail (this has been very difficult to do) a lot of money would have been made but at the end of the day, how much of this could be attributed to investment skill versus dumb luck is anyone’s guess.

Check out the full list of 2017’s IPOs.

ASX Code Company Sector Lising Date Issue Price Price as of Dec 1 Return
AL8 ALDERAN RESOURCES LIMITED Materials 9-Jun-17 $ 0.20 $ 1.86 830%
BUB BUBS AUSTRALIA LIMITED Food, Beverage & Tobacco 3-Jan-17 $ 0.10 $ 0.77 665%
WHA WATTLE HEALTH AUSTRALIA LIMITED Food, Beverage & Tobacco 15-Mar-17 $ 0.20 $ 1.77 785%
CAN CANN GROUP LIMITED Pharmaceuticals, Biotechnology & Life Sciences 4-May-17 $ 0.30 $ 3.00 900%
ARL ARDEA RESOURCES LIMITED Materials 9-Feb-17 $ 0.20 $ 1.59 695%
ELS ELSIGHT LIMITED Technology Hardware & Equipment 8-Jun-17 $ 0.20 $ 1.45 625%
TTT TITOMIC LIMITED Materials 21-Sep-17 $ 0.20 $ 0.85 325%
MOE MOELIS AUSTRALIA LIMITED Diversified Financials 10-Apr-17 $ 2.35 $ 6.18 163%
GMV G MEDICAL INNOVATIONS HOLDINGS LIMITED Health Care Equipment & Services 10-May-17 $ 0.20 $ 0.42 108%
ABR AMERICAN PACIFIC BORATE & LITHIUM LIMITED Materials 28-Jul-17 $ 0.20 $ 0.37 85%
BSX BLACKSTONE MINERALS LIMITED Materials 23-Jan-17 $ 0.20 $ 0.54 170%
RGI ROTO-GRO INTERNATIONAL LIMITED Capital Goods 10-Feb-17 $ 0.20 $ 0.45 125%
G1A GALENA MINING LIMITED Materials 7-Sep-17 $ 0.20 $ 0.63 213%
SP3 SPECTUR LIMITED Technology Hardware & Equipment 1-Aug-17 $ 0.20 $ 0.41 103%
AD8 AUDINATE GROUP LIMITED Technology Hardware & Equipment 30-Jun-17 $ 1.22 $ 2.30 89%
KPG KELLY PARTNERS GROUP HOLDINGS LIMITED Commercial & Professional Services 21-Jun-17 $ 1.00 $ 1.60 60%
DEM DE.MEM LIMITED Utilities 7-Apr-17 $ 0.20 $ 0.27 35%
GAS STATE GAS LIMITED Energy 10-Oct-17 $ 0.20 $ 0.42 108%
THC THE HYDROPONICS COMPANY LIMITED Pharmaceuticals, Biotechnology & Life Sciences 4-May-17 $ 0.20 $ 0.82 310%
DOR DORIEMUS PLC Energy 29-Sep-17 $ 0.26 $ 0.24 -8%
BRI BIG RIVER INDUSTRIES LIMITED Materials 1-May-17 $ 1.46 $ 2.26 55%
WQW WINHA COMMERCE AND TRADE INTL LIMITED Food & Staples Retailing 5-Jan-17 $ 0.35 $ 0.55 57%
OKR OKAPI RESOURCES LIMITED Materials 28-Sep-17 $ 0.20 $ 0.43 115%
MRL MAYUR RESOURCES LIMITED Materials 21-Sep-17 $ 0.40 $ 0.90 125%
ZNT ZENITAS HEALTHCARE LIMITED Health Care Equipment & Services 13-Jan-17 $ 1.00 $ 1.19 19%
JLG JOHNS LYNG GROUP LIMITED Capital Goods 26-Oct-17 $ 1.00 $ 1.33 33%
N27 NORTHERN COBALT LIMITED Materials 22-Sep-17 $ 0.20 $ 0.61 205%
ESE ESENSE-LAB LTD Pharmaceuticals, Biotechnology & Life Sciences 17-Jan-17 $ 0.20 $ 0.35 75%
ELO ELMO SOFTWARE LIMITED Software & Services 29-Jun-17 $ 2.00 $ 3.40 70%
MZZ MATADOR MINING LIMITED Materials 8-Mar-17 $ 0.20 $ 0.30 50%
MTC METALSTECH LIMITED Materials 24-Feb-17 $ 0.20 $ 0.29 43%
OCA OCEANIA HEALTHCARE LIMITED Health Care Equipment & Services 5-May-17 $ 0.75 $ 0.88 17%
RCW RIGHTCROWD LIMITED Software & Services 18-Sep-17 $ 0.30 $ 0.27 -12%
BIN BINGO INDUSTRIES LIMITED Commercial & Professional Services 3-May-17 $ 1.80 $ 2.25 25%
RTE RETECH TECHNOLOGY CO., LIMITED Consumer Services 22-Jun-17 $ 0.50 $ 0.42 -16%
NC6 NANOLLOSE LIMITED Pharmaceuticals, Biotechnology & Life Sciences 18-Oct-17 $ 0.20 $ 0.19 -8%
EDC EILDON CAPITAL LIMITED Diversified Financials 28-Feb-17 $ 1.06 $ 1.08 1%
EHH EAGLE HEALTH HOLDINGS LIMITED Household & Personal Products 3-Jul-17 $ 0.40 $ 0.37 -9%
MPW MSL SOLUTIONS LIMITED Software & Services 4-May-17 $ 0.25 $ 0.28 10%
RGL RIVERSGOLD LIMITED Materials 10-Oct-17 $ 0.20 $ 0.19 -8%
COB COBALT BLUE HOLDINGS LIMITED Materials 2-Feb-17 $ 0.20 $ 0.42 110%
OLI OLIVER'S REAL FOOD LIMITED Consumer Services 21-Jun-17 $ 0.20 $ 0.18 -10%
CRR CONVENIENCE RETAIL REIT Real Estate 27-Jul-17 $ 3.00 $ 2.80 -7%
VTI VISIONEERING TECHNOLOGIES, INC. Health Care Equipment & Services 28-Mar-17 $ 0.42 $ 0.36 -14%
BTH BIGTINCAN HOLDINGS LIMITED Software & Services 24-Mar-17 $ 0.26 $ 0.30 15%
URB URB INVESTMENTS LIMITED Not Applic 12-Apr-17 $ 1.10 $ 1.06 -4%
BYH BRYAH RESOURCES LIMITED Materials 17-Oct-17 $ 0.20 $ 0.20 0%
SCT SCOUT SECURITY LIMITED Consumer Services 25-Aug-17 $ 0.20 $ 0.28 38%
TNY TINYBEANS GROUP LTD Software & Services 21-Apr-17 $ 1.00 $ 0.70 -30%
PLX PYROLYX AG Materials 16-Aug-17 $ 1.47 $ 1.13 -23%
CP1 CANNPAL ANIMAL THERAPEUTICS LIMITED Pharmaceuticals, Biotechnology & Life Sciences 25-Oct-17 $ 0.20 $ 0.22 10%
AO1 ASSETOWL LIMITED Software & Services 4-Jan-17 $ 0.20 $ 0.14 -30%
MQR MARQUEE RESOURCES LIMITED Materials 15-Mar-17 $ 0.20 $ 0.25 25%
MOB MOBILICOM LIMITED Technology Hardware & Equipment 2-May-17 $ 0.20 $ 0.13 -35%
WND WINDLAB LIMITED Utilities 23-Aug-17 $ 2.00 $ 1.74 -13%
SKN SKIN ELEMENTS LIMITED Household & Personal Products 6-Jan-17 $ 0.20 $ 0.16 -20%
TB8 TIANMEI BEVERAGE GROUP CORPORATION LIMITED Food, Beverage & Tobacco 28-Feb-17 $ 0.20 $ 0.14 -33%
IS3 I SYNERGY GROUP LIMITED Media 30-Mar-17 $ 0.20 $ 0.18 -10%
NUS NUSANTARA RESOURCES LIMITED Materials 2-Aug-17 $ 0.42 $ 0.32 -25%
LI3 LITHIUM CONSOLIDATED MINERAL EXPLORATION LIMITED Materials 28-Mar-17 $ 0.20 $ 0.18 -13%
KZR KALAMAZOO RESOURCES LIMITED Materials 16-Jan-17 $ 0.20 $ 0.14 -30%
UNL UNITED NETWORKS LIMITED Telecommunication Services 12-Jan-17 $ 0.20 $ 0.07 -65%
E2M E2 METALS LIMITED Materials 19-Apr-17 $ 0.20 $ 0.14 -33%
IBX IMAGION BIOSYSTEMS LIMITED Health Care Equipment & Services 22-Jun-17 $ 0.20 $ 0.10 -51%
SDX SIENNA CANCER DIAGNOSTICS LIMITED Pharmaceuticals, Biotechnology & Life Sciences 3-Aug-17 $ 0.20 $ 0.12 -40%
LSH LIFESPOT HEALTH LTD Health Care Equipment & Services 11-Jan-17 $ 0.20 $ 0.15 -25%
TRT TODD RIVER RESOURCES LIMITED Materials 6-Apr-17 $ 0.20 $ 0.14 -30%
CLI CROPLOGIC LIMITED Commercial & Professional Services 12-Sep-17 $ 0.20 $ 0.10 -51%
MAG MAGMATIC RESOURCES LIMITED Materials 19-May-17 $ 0.20 $ 0.14 -33%
JJF JIAJIAFU MODERN AGRICULTURE LIMITED Food, Beverage & Tobacco 9-Mar-17 $ 0.30 $ 0.12 -62%
DAV DAVENPORT RESOURCES LIMITED Materials 20-Jan-17 $ 0.20 $ 0.08 -59%
VP7 VELOCITY PROPERTY GROUP LIMITED Real Estate 7-Feb-17 $ 0.20 $ 0.08 -62%
UUV UUV AQUABOTIX LTD Capital Goods 28-Apr-17 $ 0.20 $ 0.10 -52%
FHS FREEHILL MINING LIMITED. Materials 16-Jan-17 $ 0.20 $ 0.08 -60%
SVT SERVTECH GLOBAL HOLDINGS LTD Software & Services 17-Mar-17 $ 0.20 $ 0.02 -90%
RD1 REGISTRY DIRECT LIMITED Software & Services 1-Nov-17 $ 0.20 $ 0.14 -30%
TNO TANDO RESOURCES LIMITED Materials 3-Nov-17 $ 0.20 $ 0.31 53%
GO2 THE GO2 PEOPLE LTD Commercial & Professional Services 31-Oct-17 $ 0.20 $ 0.19 -5%
TIN TNT MINES LIMITED Materials 3-Nov-17 $ 0.20 $ 0.24 18%
OGA OCEAN GROWN ABALONE LIMITED Food, Beverage & Tobacco 14-Nov-17 $ 0.25 $ 0.25 -2%
IXU IXUP LIMITED Software & Services 15-Nov-17 $ 0.20 $ 0.45 125%
LRM LUSTRUM MINERALS LTD Energy 15-Nov-17 $ 0.20 $ 0.19 -5%
TLX TELIX PHARMACEUTICALS LIMITED Health Care Equipment & Services 15-Nov-17 $ 0.65 $ 0.62 -5%
DHG DOMAIN HOLDINGS AUSTRALIA LIMITED. Software & Services 16-Nov-17 $ 3.80 $ 3.47 -9%
5GN 5G NETWORKS LIMITED Telecommunication Services 17-Nov-17 $ 0.25 $ 0.39 54%
NWL NETWEALTH GROUP LIMITED Diversified Financials 20-Nov-17 $ 3.70 $ 5.33 44%
PPE PEOPLE INFRASTRUCTURE LTD Not Applic 22-Nov-17 $ 1.00 $ 1.35 35%
PFP PROPEL FUNERAL PARTNERS LIMITED Consumer Services 23-Nov-17 $ 2.70 $ 3.41 26%
SWF SELFWEALTH LIMITED Diversified Financials 23-Nov-17 $ 0.20 $ 0.16 -23%
BGT BIO-GENE TECHNOLOGY LTD Materials 29-Nov-17 $ 0.20 $ 0.24 20%
CAG CAPE RANGE LTD Software & Services 30-Nov-17 $ 0.20 $ 0.25 23%
A1C AIC RESOURCES LIMITED Materials 1-Dec-17 $ 0.20 $ 0.23 13%
BAH BOJUN AGRICULTURE HOLDINGS LIMITED Food, Beverage & Tobacco 1-Dec-17 $ 0.30 $ 0.32 5%