Where are all the IPOs?

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One of our followers on Twitter asked us for our thoughts last night and it’s something we’d been thinking about but hadn’t really discussed with our readers. Where are all the IPOs this year?

By the end of the March in 28, 28 IPOs had listed on the ASX (We tend to ignore ETFs). By the same time last year, there’d been 21 listings.

In stark contrast, we’ll have seen a paltry 7 IPOs come to market so far this year, including today’s listing of Kina Petroleum.

We’ve seen plenty of IPOs missing scheduled dates, that’s fairly normal, but there’s also far less in the works and some of those simply withdraw completely.

Give us your thoughts in the comments below, What do you think is driving this?




Watch List Update: ReadyTech (RDY) added.

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ReadyTech, claimed as “a leading software as a service (SaaS) provider of mission critical people management systems” has just been added to the watch list, expected go live is April 17 at this stage.

A quick look at the prospectus shows the company has been around for 20yrs and is forecasting “$35.1 million in revenues and $14.6 million in EBITDA on a pro forma basis” for CY19F.

Asking $1.51 per share, there’s obviously some confidence in this being a strong proposition, but as always do your own research. You can take a look at the prospectus here.

Watch List Update: KPE added, KOL delayed, EOF going live today.

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Kina Petroleum is the newest addition to the list, scheduled for an April 5th go live at this stage - You can review the prospectus here.

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EcoFibre will begin trade today at 11am, we’ll update later on with results and update the Scorecard once the data starts flowing.

Koligo Therapeutics was also scheduled to kick off today but given it’s still taking buy-in submissions and hasn’t got a scheduled time slot, we highly doubt it will show today.