Floats and IPOs
Performance
IPOs and new issues offer you the opportunity to invest in securities.
IPOs and new issues are typically priced at a discount to current market levels
and comparable stocks.
In the 2007 financial year, newly listed securities first traded on the ASX at an
average premium of 11.6%1 above the price offered to investors in the
IPO. View current Offers.
IPO Performance by Size
|
Amount raised
|
Number
of IPOs
|
Amount raised
($m)
|
% of total
raised
|
Listing
premium %^
|
Performance to
30 June 2007
|
|
> $1b |
1 |
2347.9 |
226 |
-2.7 |
20.5 |
|
$500m - $1b |
3 |
2040.0 |
19.6 |
20.4 |
8.3 |
|
$100m - $500m |
15 |
3523.7 |
33.9 |
10.2 |
10.7 |
|
$25m - $100m |
26 |
1385.6 |
13.3 |
10.9 |
32.0 |
|
$10m - $25m |
31 |
445.8 |
4.3 |
25.7 |
57.0 |
|
$5m-$10m |
59 |
378.8 |
3.6 |
33.7 |
98.7 |
|
< $5m |
87 |
285.1 |
2.7 |
37.5 |
117.7 |
Source: KPMG Survey of Australia Capital Markets 2006-07
* Amount raised without calls
^ Average weighted by amount raised without calls
The strong performance of new issues doesn’t stop at listing. By the end of the
2007 financial year, corporations that listed throughout the year were trading at
an average premium of 23.4%1 above the price offered to investors in
the IPO.
1Average weighted by amount raised
Unparalleled access
CommSec provides registered clients with access to some of the significant new issues
on the ASX. In the 2007 financial year, CommSec participated in 7 of the top 10
largest IPOs.
CommSec also provides registered clients with access to broader capital raisings
like the T3 offer for Telstra Corporation.
10 Largest IPOs by Capital Raised
|
Company |
Industry |
Amount raised* ($m) |
CommSec participation |
|
Boart Longyear Limited |
Capital Goods |
2348 |
Yes |
|
Emeco Holdings Limited |
Capital Goods |
944 |
Yes |
|
Platinum Asset Management Limited |
Diversified Financials |
551 |
Yes |
|
Challenger Diversified Property Group |
Real Estate |
535 |
|
|
Magellan Flagship Fund Limited |
Diversified Financials |
378 |
Yes |
|
Rivercity Motorway Group |
Transportation |
362 |
Yes |
|
Transfield Services Infrastructure Fund |
Utilities |
286 |
Yes |
|
Galileo Japan Trust |
Real Estate |
284 |
|
|
AMP Capital China Growth Fund |
Diversified Financials |
280 |
|
|
Babcock & Brown Power |
Utilities |
278 |
Yes |
Important Notice:
CommSec does not specifically recommend the stocks listed above. Past performance
is not indicative of future performance. Stock prices are subject to market factors
and will fluctuate as dictated by prevailing market conditions.
The information on this site has been prepared without taking account of the objectives,
financial situation or needs of any particular individual. For this reason, any
individual should, before acting on the information on this site, consider the appropriateness
of the information, having regards to the individual’s objectives, financial situation
and needs, and, if necessary, seek appropriate professional advice. The presence
of securities on this list should not be construed as a recommendation. No representation
is given, warranty made or responsibility taken as to the appropriateness or performance
of any securities.