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The ASX IPO market is back and better than ever. With plans for seven IPOs over $ 1 billion to hit the ASX this quarter, it will be a record time. In fact, it will be the busiest time for major floaters on the ASX in history.
Based on the floats and upcoming quotes provided by the Australian Stock Exchange, investors will have many options to fill their portfolio stocks as Christmas approaches this year.
That being said, let’s take a moment to recap the ASX IPOs expected to hit this quarter.
Go down in the history books
Due to the coronavirus, 2020 was the year of the word ‘unprecedented’, but it looks like 2021 will have its own unprecedented success.
Checkbooks are being withdrawn en masse as Initial Public Offerings (IPOs) to be listed on the ASX become very popular in the backend this year. So much so that the amount of money seeking to be raised from budding state-owned enterprises exceeds $ 10.2 billion.
After 18 months of monetary and fiscal injections, the money circulates in the economy and businesses benefit from it.
Likewise, the mergers and acquisitions (M&A) market has swelled to breathtaking levels this year. According to Dealogic, approximately $ 46.3 billion worth of listed and private M&A deals in Australia were completed in 2021. This represents an increase of 2.4 times the value from the previous year.
Meanwhile, ASX has also been busy with a slew of newcomers on the boards. A situation probably exacerbated by investor demand for more opportunities in a low interest rate environment.
As a result, Australian businesses never fail to seize an opportunity. After all, as they say, “Make hay while the sun is shining.”
Here are the seven ASX IPOs valued at over $ 1 billion expected to hit the public market this quarter:
- Global boutique asset management company GQG Partners, valued between 5.9 and 6.5 billion dollars
- SME-focused bank Judo bank, valued at $ 2.3 billion
- Hotel commerce platform provider SiteMinder, valued at over a billion dollars
- World Organization for Human Services APM, valued at over $ 3 billion
- Essential service provider Ventia, valued between 2 and 2.5 billion dollars
- Lottery operator SG Lottery, valued at around $ 8 billion
- Metal supplier and distributor Vulcan steel, valued at $ 1.1 billion
- Transport company ComfortDelGro, valued at around $ 2 billion
Recent ASX IPOs
While the next few months look like many for IPOs, it might be useful to recap a few recent ASX IPOs. In September, there were 22 new additions to the Australian equity market.
Some notable newbies include Zoom2u Technologies Ltd. (ASX: Z2U), Li-S Energy Ltd (ASX: LIS), and Touch Ventures Ltd (ASX: TVL). In fact, Li-S Energy is 163% above its IPO price of 85 cents, leaving investors with a smile.
In addition, the mining prospecting company, Minerals 260 Ltd (ASX: MI6) is the most recent addition to ASX cards. Today the Liontown Resources Limited The spin-off (ASX: LTR) jumped 22% in its early days.