IPO & RTO Tracker, 2017: March Performance

IPO & RTO Tracker, 2017: March Performance

The first quarter of the year was rounded out with 11 new listings throughout March. This included 10 IPOs and just the 1 RTO. Fortunes were mixed for the companies involved with 6 experiencing a positive month, 3 ending the month down on their IPO price, and 2 ending flat.

March was a prominent month for the IT sector (QFY, SVT, BTH), consumer facing companies (JJF, WHA, IS3), and resource businesses (MZZ, MQR, LI3). The remaining participants came from healthcare (VTI) and LICs (FPC).

Modest movements were recorded by most of the March IPOs, with the exception of Wattle Health. Despite ending its first day flat, the infant formula products supplier enjoyed a steady rise to end the month at 34.5c – up 72.5%.

Among new listings from earlier in the year, there were 4 major movers. Bucking the trend, Tianmei suffered a 43% drop during March despite no news – prompting the ASX to query the company’s price action.

Meanwhile, recent relaxation in medicinal cannabis regulations saw the sector spur to life. In turn, Roto-Gro International, eSense-Lab, and Auscann Group all responded. During March, the three companies recorded price gains of 105%, 106% and 178%.

While sector sentiment played a significant role, support factors included RGI finalising a $2.25m+ order, while ESE announced improvements in Terpene profiles and a reduction in production costs. AC8 however, released no news during the month but continued the momentum from its strong performance in February.

Stay tuned for next month’s report. In the meantime, to stay informed on all the latest IPO news, follow us on Twitter.

CompanyCategoryASX CodeListing DateIssue PricePrice End Day 1Price End Day 1 %Current Price% Difference
Bubs AustraliaRTOBUB3/01/2017$0.100$0.13535.0%$0.19090.0%
Winha Commerce & Trade InternationalIPOWQW5/01/2017$0.350$0.49040.0%$0.47535.7%
Asset OwlRTOAO16/01/2017$0.200$0.165-17.5%$0.23517.5%
Skin ElementsIPOSKN6/01/2017$0.200$0.2000.0%$0.135-32.5%
Lifespot HealthIPOLSH11/01/2017$0.200$0.400100.0%$0.30050.0%
United NetworksIPOUNL12/01/2017$0.200$0.26030.0%$0.190-5.0%
Zenitas HealthRTOZNT13/01/2017$1.000$0.900-10.0%$1.0909.0%
Freehill MiningIPOFHS16/01/2017$0.200$0.150-25.0%$0.145-27.5%
Kalamazoo ResourcesIPOKZR16/01/2017$0.200$0.2105.0%$0.185-7.5%
Thorney TechnologiesRTOTEK18/01/2017$0.200$0.23015.0%$0.23517.5%
Davenport ResourcesIPODAV20/01/2017$0.200$0.195-2.5%$0.135-32.5%
Blackstone MineralsIPOBSX23/01/2017$0.200$0.2052.5%$0.185-7.5%
Murray Cod AustraliaRTOMCA31/01/2017$0.050$0.05816.0%$0.05816.0%
Cobalt BlueIPOCOB2/02/2017$0.200$0.22010.0%$0.25025.0%
Auscann GroupRTOAC83/02/2017$0.200$0.22010.0%$0.890345.0%
Velocity Property GroupIPOVP77/02/2017$0.200$0.2052.5%$0.2000.0%
Ardea ResourcesIPOARL9/02/2017$0.200$0.180-10.0%$0.520160.0%
Roto-Gro InternationalIPORGI10/02/2017$0.200$0.2157.5%$0.410105.0%
eSense-LabIPOESE14/02/2017$0.200$0.25527.5%$0.485142.5%
SportsheroRTOSHO15/02/2017$0.050$0.05510.0%$0.042-16.0%
MetalsTechIPOMTC24/02/2017$0.200$0.27035.0%$0.31055.0%
Switzer Divident Growth FundIPOSWTZ24/02/2017$2.500$2.5100.4%$2.5803.2%
DawineRTODW828/02/2017$0.020$0.02945.0%$0.0200.0%
Eildon CapitalIPOEDC28/02/2017$1.060$1.0801.9%$1.0700.9%
Tianmei Beverage GroupIPOTB828/02/2017$0.200$0.23517.5%$0.135-32.5%
Matador MiningIPOMZZ8/03/2017$0.200$0.26030.0%$0.22010.0%
Quantify TechnologyRTOQFY8/03/2017$0.060$0.07626.7%$0.07931.7%
JiaJiafu Modern AgricultureIPOJJF9/03/2017$0.300$0.260-13.3%$0.250-16.7%
Marquee ResourcesIPOMQR15/03/2017$0.200$0.22010.0%$0.2157.5%
Wattle Health AustraliaIPOWHA15/03/2017$0.200$0.2000.0%$0.34572.5%
ServTech Global HoldingsIPOSVT17/03/2017$0.200$0.2105.0%$0.2000.0%
Fat Prophets Global Contrarian FundIPOFPC22/03/2017$1.100$1.1353.2%$1.1706.4%
Bigtincan HoldingsIPOBTH24/03/2017$0.260$0.240-7.7%$0.230-11.5%
Lithium Consolidated Mineral ExplorationIPOLI328/03/2017$0.200$0.180-10.0%$0.150-25.0%
Visioneering TechnologiesIPOVTI28/03/2017$0.420$0.4456.0%$0.4353.6%
I Synergy GroupIPOIS330/03/2017$0.200$0.197-1.5%$0.2000.0%


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IPO & RTO Tracker, 2017: March Performance
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