IPOs are falling over everywhere, as the shaky market spooks new listings.

An ASX spokesperson however says they’ve seen 109 IPOs so far this year, and he believes 2018 is “broadly in alignment” with prior years, which saw 142 listings in 2017, and 133 in 2016.

He says November and December are traditionally strong months for listings.

But right now, a swathe of companies have pulled or are delaying listings and blaming it on market conditions.

They have reason to be concerned as well: Stockhead has found that two-thirds of this year’s listings are underwater.

Are they or aren’t they?

Of the companies that either recently announced IPOs or were due to list on the ASX in the last months, a group of Israeli companies are yet to be seen.

High tech slushy machine seller Nice Vend cancelled its listing.

Stockhead is seeking comment from uber-accurate weight machines maker Shekel Brainweigh as to why their October 26 listing date has slipped.

Investors shouldn’t hold their breath over a promised listing from Israeli cybersecurity firm Votiro either.

The company confirmed to Stockhead that despite the $11.2 million it raised in pre-IPO funding from investors in July last year, with a promise to list by the end of 2017, it’s now nixed that idea entirely.

On Thursday, ASX-listed Senetas (ASX:SEN) bought a controlling stake for $8m with a pre-emptive right of first refusal to acquire Votiro in future.

The ASX is now the third wheel in this relationship.

The owner of group buying website Catch of the Day, Catch Group, has put its $100 million IPO on hold until next year, blaming the volatile market, while Jobstore has pushed its IPO into 2019 after raising less than 2 per cent of the $8 million it was seeking before the close of offer this week.

Canberra-HQ’d gym chain Viva Leisure shelved its $26m IPO for next year as well, and Centaur Resources no longer appears in the ASX’s upcoming IPOs list.

Tawana (TAW) spinoff Cowan Lithium and coking coal company Montem are both TBA as to when they might list.

One company ASX-watchers can expect to ring the bell before the year closes is Singaporean 3D phone protector maker Nanoveu.

Chief Alfred Chong says their $6m float was oversubscribed, they’ve submitted the paperwork and they’re just waiting on the ASX to give them a date.

He hopes they’ll be swimming with the Aussie tech stocks within weeks.

It’s all just too hard

Lion Selection Group director Hedley Widdup focuses on resources and has seen a few companies come through his door marketing IPOs, but he says it’s been much harder in the last two months to raise money than the rest of the year.

“And 2018 has been a lot harder than 2017, that’s definitely something that a lot of people would agree with,” he told Stockhead.

“If you’re a junior explorer or developer MD the interest isn’t there this year – not even for a conversation.”

He says some of that can be laid at the feet of the broader market.

Of the IPOs he seeing marketing around Perth, Mr Widdup says they’re hard to read but “very much doubts” they’re filling their subscription books.

Company ASX code IPO status Focus Fund raising Issue price
AMD Resources ADM Cancelled Gold, silver $22m 50c
Andes Resources - Undecided, possibly April-May 2019 Gold $3-5m -
Awati Resources AWA Cancelled Gold $4.5-5.5m 20c
Biomics Biopharma BBM Cancelled China-based biotech $13-16m 20c
Caprice Resources - TBA Gold $4.5m 20c
CatchGroup - Postponed Ecommerce $100m+ -
Centaur Resources CR3 Cancelled Lithium and other battery metals $15m 20c
China Track CTC Postponed, was due to list Jun 11 Bulldozer parts $32-40m 80c
Cowan Lithium COW TBA Lithium $6-8m 20c
EcoMag - Cancelled Magnesium $3-5m 20c
Eden Health ETK Cancelled in March Kiwi fruit-focused AgTech $15.6-20m 20c
GeoCrystal GDC Cancelled Diamonds $5-7m 20c
Haixi Pharma HXP Cancelled China-based, pain relief biotech $25-30m 50c
International Cobalt Resources ICR Postponed Cobalt, nickel, gold $5-6m 30c
METALS 479 ML7 Cancelled Silver $5-7m -
Montem Resources MR1 TBA Canada-focused coking coal $15-20m 50c
Neuroscientific Biopharma NSB Cancelled Alzheimer’s $5-6m 20c
Nice-Vend Cancelled Slushy machines $7.5m 20c
Nicheliving NLH Cancelled Residential developer $5-12m 50c
Ocean Guardian OCG Cancelled Shark deterrent $5m -
Power Asia Limited P88 Cancelled Renewable energy $9m 20c
Prospa PGL Postponed Small business loans $146m 3.64
Raptor Resources RPL Postponed Minerals - -
Rong Yu Pharma RY8 Postponed Traditional Chinese Medicine $14-20m 20c
Secure2Go Group S2G Postponed indefinitely Cyber security $4-5m 30c
Spreedbox SBX Cancelled Cloud computing $4.2-4.9m 20c
Stirfire SFS Cancelled Video games $5-7m 20c
Tartana Resources - IPO suspended due to ASIC query Zinc, copper $5-6m -
Trigg Mining TMG Postponed indefinitely Potash $4-6m -
Viva Leisure - Postponed Gyms $26m $1
Universal Biosecurity UBL Cancelled Safe pest control $5m 20c
XS Resources XS1 TBA Precious, base metals $4.5m 20c
Zaige Waste Management ZGZ Cancelled China-based recycling $14-20m 0.2
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