IPO pipeline looking solid

RESOURCES drove the initial public offering market in 2017, with a strong pipeline already evident in 2018.

IPO pipeline looking solid IPO pipeline looking solid IPO pipeline looking solid IPO pipeline looking solid IPO pipeline looking solid

The latest HLB Mann Judd IPO Watch report showed that almost one third, or 32 or 110, IPOs completed in 2017 were resource stocks.

Western Australian companies accounted for 21 listings.

HLB Mann Judd partner and report author Marcus Ohm said resources IPOs raised more than A$332 million last year, weighted to the December half.

“Companies that listed in the September and December quarters recorded subscription rates of 133% and 203%, with the boost in sentiment coming on the back of some excellent returns on resources stocks,” he said. 

Companies listing in the March and June quarters averaged a 94% subscription rate.

Resources IPOs finishe...