IPO Watch: With a 950pc gain in 3 weeks, Kuniko is easily 2021’s top ASX listing

Three weeks since it listed at 20 cents a share, Kuniko (ASX:KKI) now sits at just under $2 making it by far and away the best new listing the ASX has seen this year.

Kuniko is a spin off from Vulcan Energy (ASX:VUL) – holding former flagship assets of Vulcan’s when it was a base metals explorer named Koppar Resources.

Like its renewable energy and geothermal lithium toting cousin, is planning to be a “zero carbon” producer and explorer.

Kuniko is up over 900% and nobody else comes close, with the runner-up being Balkan Mining (ASX:BMM) which is up 320%.

In third and fourth are Firebird Metals (ASX:FRB) and Charger Metals (ASX:CHR) which are up 205% and 200%.

Next is uranium play 92 Energy (ASX:92E) which in the past week has been the greatest beneficiary of the run on uranium stocks after the spike in spot prices.

Its fellow new uranium listing NexGen (ASX:NXG) has also come to life in the past fortnight although is up a more modest 40%.

Three other stocks have gained over 100% since listing in Pentanet (ASX:5GG), Trajan (ASX:TRJ) and DGL (ASX:DGL).

As at the close of trade on September 9, there have been 108 new listings and the average gain is 26%. The number of listing in 2021 easily usurps 2020’s total of 66 but last year saw a better average return of 42%.

Here’s a list of ASX IPOs in 2021 and their performance…

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop

Upcoming IPOs

There are 2 IPOs locked in for listing today and one other next week.

The first is Zoom2u (ASX:ASX:Z2U) which has a software platform connecting customers and couriers that tracks and manages deliveries.

The other is Culpeo Metals (ASX:CPO) which is a Chilean focused copper explorer. The pair are listing at 11am (AEST) and 1.30pm respectively.

Listing on Monday (at 11.30am AEST) is Legacy Minerals (ASX:LGM), a gold and base metals explorer focused on the NSW Lachlan Ford Belt.