The global market saw the successful direct IPO listing of Coinbase, the US based crypto exchange, on Nasdaq yesterday. Closer home, the Australian IPO market is seeing resurgence in market listings, despite the economic disruption caused by the COVID-19 pandemic. The month of April is going to be an action-packed as 15 companies are slated to be listed on the domestic stock exchange.
Australasian Gold Limited (ASX: A8G): The gold exploration company is all set to make market debut on 28 April after RAISING A$4,500,000 BY ISSUING 22,500,000 SHARES AT AN ISSUE PRICE OF A$0.20 APIECE. Given the recent surge in gold prices and higher valuations of many gold mining companies, the company’s board opines that good quality gold exploration assets with confirmed mineralisation in Tier 1 mining jurisdictions such as Australia, can still represent compelling value.