A few notable movements on the ASX Upcoming list today.
MPH - Mediland Pharma on track to go live 11am tomorrow.
IRX - Irexchange now listed as withdrawn.
RRZ - Relentless Resources removed from the list.
It might not have set the market on fire, but Candy Club (CLB) did managed to give us a taste of what might be when it went live around 11am this morning.
As with many IPOs, CLB missed its first go live date with many speculating the offer was under subscribed. Despite the initial delays, shares began trading today at 21 cents, a 5% gain over the IPO price.
Look for gains later on with this one as the funds raised under the Offer will be used to scale both the B2C Business and the B2B Business, hire key employees, purchase automation equipment and for general corporate purposes.
How sweet will it get? Keep tabs on the 2019 Scorecard to find out.
African Gold (A1G) has given lovers of IPOs exactly what they wanted this Valentines day, posting excellent day 1 gains as trade opened on the ASX.
Asking the requisite 20 cents, prices peaked as high as 40 cents before settling to 30 cents at close of trade, a nice gain regardless of whether you jumped out early or made the call to sit tight.
There’s nothing overly exciting planned for the proceeds of the IPO, fund some exploration, pay some bills, the usual - that’s not exactly bad news though.
We’ve updated our Scorecard so you can keep tabs moving forward but we’d love to know what your call was, bag the Stag or Hold?
Fixed wireless broadband provider Uniti Wireless (UWL) created some excitement as it joined the ASX at 11am this morning, but it remains to be seen if initial enthusiasm will carry through to the afternoon and into the future.
Opening at 33 cents, 32% above the IPOs ask of 25 cents, initial sentiment looked good, but prices quickly began to decline and currently sit at just 23 cents with almost 2 million in shares having changed hands.
Uniti propose to use funds from its IPO to acquire the entire issued capital of FuzeNet Pty Ltd, a Retail Service Provider dealing in non-NBN fibre.
A place holder has been added the the 2019 Scorecard, data should begin to flow through on that shortly.