![]() For the period of Jan 1st 2021 to June 30th 2021 we saw a whopping 58 companies list, and we still have 37 IPOs that haven’t reached listing date still to come.įor the IPOs YTD, there are a couple top performers:įirebird Metals - Listed in March at an issue price of $0.20 and closed yesterday at $0.62 a share, representing a return on investment of 210% over 3 months. Happy Thursday IPOwatchers and welcome to the new financial year.įY21 was a mammoth year for IPOs. Star Minerals are looking to raise $5,000,000 at an issue price of $0.20, with the shares expected to commence trading on the ASX on the 16th of September. The Star Minerals Limited IPO will open on Monday the 9th of August next week, and will close on the 3rd of September. The West Bryah tenements represent a further opportunity to explore for gold and base metal deposits in an under-explored package of tenements with only a sporadic exploration history and very little activity using modern exploration techniques. The West Bryah Project is 349km2 package of tenements prospective for gold, copper, and other base metals in the West Bryah with significant soil anomalies and promising drilling results to follow up. The project is located ~40km south of Meekatharra, in an area well served by mining infrastructure and support with multiple options for toll treatment. The Tumblegum South deposit has a granted Mining Lease (ML 51/888) and an existing Inferred Resource (JORC 2012 compliant) of 600,000 tonnes at 2.2g/t Au, equating to 42,500 oz. The Company’s initial focus will be on the rapid advancement of the exploration and development of the Tumblegum South Gold Project. Star Minerals Limited is a mineral exploration company established for the purpose of exploring for and developing high grade gold and base metals located at their Tumblegum South Project and West Bryah Project (the Projects), each located in central Western Australia. Harrison said listing was a great way for investors to exit, and a great way for private equity or venture capital to exit a business as well, but "it just shouldn't be the only reason".An exciting new IPO has just been lodged with the ASX. It said recently it would delist from the ASX to save money, as it announced a 60% profit fall.Īnother NZ company, buy now, pay later firm Laybuy, has delisted to save money after a disastrous stint on the Australian exchange which saw the value of its shares plummet.Ĭampervan company, NZX-listed Tourism Holdings also picked up an Australian dual listing in December 2022. The meal-kit initial public offer (IPO) hasn’t been great for investors, with My Food Bag suffering from a weak share price. Listings have been scant in New Zealand for the NZX and ASX of late, with meal-kit company My Food Bag making its debut in March 2021 and chemicals company DGL listing on the ASX and NZX in May 2021. ![]() The ASX’s New Zealand listing head says it has a strong pipeline of companies considering joining the Australian Stock Exchange - but a listing shouldn't only be an exit strategy for existing shareholders.īlair Harrison said conversations with New Zealand firms hadn’t slowed down with the pandemic disruption, and the Australian Stock Exchange (ASX) is “bullish” about 2024.
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