IPOs Continue to Outperform

This story features TITOMIC LIMITED, and other companies. For more info SHARE ANALYSIS: TTT

Download related file: OnMarket-2017-Third-Quarter-IPO-Report-FNArena

The number of ASX initial public offerings dropped in the September quarter but IPO performance remains solid.

The number of initial public offerings (IPO) conducted on the Australian stock market fell to 19 in the September quarter compared to 33 in the June quarter and 24 in the September quarter 2016. However year to date (to end-September) listings in 2017 number 78 compared to 57 in the same period last year.

The year to date return on IPOs in 2017 to end-September was 25.9% compared to 27.1% in the same period last year. The 2017 year to date return for a range-bound (up until October) ASX200 was 0.3%.

Of all new listings in 2017 to end-September, 50% represented either the materials or financials sector. Six of the top eight performers in the September quarter were materials listings, supported by rising commodity prices in the period.

The biggest price movers since listing in the September quarter were large-scale 3D printing company Titomic ((TTT)), up 122.5%, UK-based oil & gas exploration & production company Doriemus Plc ((DOR)), up 92.3%, and gold explorer Okapi Resources ((OKR)), up 65.0%.

A full list of IPOs and return analysis is provided in the attached document, published by OnMarket BookBuilds in association with FNArena.
 

Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)" – Warning this story contains unashamedly positive feedback on the service provided.

Click to view our Glossary of Financial Terms