End of financial year wrap-up!
/Happy Thursday IPOwatchers and welcome to the new financial year.
FY21 was a mammoth year for IPOs. 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.
For the IPOs YTD, there are a couple top performers:
Firebird 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.
Pentanet Limited - Listed in Jan at an issue price of $0.25 and closed yesterday at $0.68 a share, representing a return on investment of 172% over 5 months.
Peregrine Gold Limited - Listed in March at an issue price of $0.20 and closed yesterday at $0.38 a share, representing a return on investment of 90% over 3 months.
As always, when it comes to any investment make sure to do your own research. While the above companies have performed well since listing, that won’t be the case for every IPO.
For more information on previous IPOs, make sure to look at our scorecards section to see what companies have performed well and what companies haven’t since listing.
In the meantime, stay tuned as always for more updates. There are still plenty IPOs in the pipeline over the next month and a lot of action happening in the space.