IPOs Increase Dramatically
Download related file: OnMarket-2017-Second-Quarter-IPO-Report-Final-FNArena
The number of initial public offerings has surged in 2017 but market outperformance has waned. Read all the details here.
Initial public offerings (IPO) conducted on the Australian stock market in the year to June numbered 78, compared to 59 in the same period last year. The net return on those IPOs to end-June was 6.4% compared to 24.2% last year and 5.4% for the ASX200. Listings were dominated by the materials and financials sectors.
The biggest price movers since listing in the June quarter are gold and base metal explorer Alderan Resources ((AL8)), up 132.5%, medical cannabis researcher Cann Group ((CAN)), up 108.3%, and water treatment system manufacturer De.Mem ((DEM)), up 85%.
A full list of IPOs and return analysis is provided in the attached document, published by OnMarket BookBuilds in association with FNArena.
FN Arena is building the future of financial news reporting at www.fnarena.com. Our daily news reports can be trialed at no cost and with no obligations. Simply sign up & get a feel for what we are trying to achieve.
The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.