Lukewarm receiption for 1414 Degrees.

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Thermal Energy Storage provider 1414 Degrees Limited (14D) joined the ASX this morning with initial results described as tepid at best.

Alternate energy is a hot topic in the market, but IPOs in this sector have had mixed results historically. 14D shareholders, who put forth a slightly above average 35 cents per share during the IPO, saw prices hovering at only 23 cents this morning.

Initial response on these types of listings can be slow as investors wait to see what the rest of the market will do - keep track on our 2018 Scorecard for more info.