It is interesting to note that out of the top 10 IPO’s, 9 were microcaps based on the implied IPO listing market capitalisation. There were 113 new listings on the ASX in 2017 which was up from 96 listings in 2016. A staggering statistic from last year’s IPO’s was that IPO’ under $50mil market cap produced an average return of 69.8% to the end of Dec 31st versus an average return for IPO’s over $50mil market cap of 23.5%.
About Peter Rae
Peter Rae joined Independent Investment Research as a supervisory analyst covering listed managed investments in March 2016. Peter has 35 years' experience in the banking and finance industry, including 15 years as an equities analyst.View more articles by Peter Rae →