IPOs bounce back in 2H2020

  • October 27, 2020 07:20 PM AEDT
  • Team Kalkine

As people are getting used to the pandemic, stock markets across the globe have shown an impressive recovery.  As money has started to come in the markets, new floats are back in the business in the Australian markets. Recently, respiratory protection equipment manufacturer CleanSpace (ASX: CSX) made an impressive debut with more than 60% gain on a listing day.

Gold MTF non-AMP

Adore Beauty – The next hottest buzz in the primary market The issue price of $6.75 touched a high of $7.42 on a listing day, gaining almost 10% at its peak. Like birds of a feather flock together, online beauty retailer, Adore Beauty (ASX: ABY) was another IPO that was cheered on the street.

* The underlying business of Adore Beauty Adore Beauty is Australia’s online beauty retailer with a vision to deliver a beauty shopping experience personalized to women’s needs. The company sells over 11,000 third-party beauty and personal care products of 230 brands to generate its revenue.

* Upcoming IPOs  Melbourne-based fintech, Credit Clear had already announced its plans for a $15 million IPO. The offer is estimated to issue 42.8 million shares at $0.35 per share. Duke Exploration, a copper & gold-focused miner, is also seeking to raise $8 million via public issue 

 


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