Christmas is just around the corner, and Santa is rounding out 2021 with a flurry of ASX debuts.
While it has been a turbulent year for many on the board — think travel stocks, tourism and utilities — the initial public offering (IPO) market has thrived.
Companies have flocked to the ASX this year, with a barrage of stocks hitting the local share market in the last 11 months.
The ASX’s business development manager for listings, Kate Galpin, said the ASX kept pace after 2020’s especially strong fourth quarter.
“Healthy IPO momentum persisted in the first half of 2021, at a slightly more civilised pace, as economic conditions and investor interest remained strong,” she explained.
“In the first six months of 2021, 85 companies joined the ASX board, raising $3.5 billion of capital and listing with a combined market capitalisation of $22.8 billion.”
That momentum has only grown in 2021’s second half: on Friday, AI-powered medtech Artrya Ltd (ASX:AYA) became the 208th company to hit the board.
Looking ahead, we’re on track for a very busy December as 31 new stocks gear up to join the ASX.
So, who’s on the IPO advent calendar in the final month of the year?
December 1
Cosmos Exploration Limited (C1X)
- Mineral exploration
- IPO: 25 million shares, raising $5 million at $0.20
- Target market cap: $7 million
Cosmos is exploring for gold, copper and nickel deposits in Australia.
Its projects include the Orange East property in New South Wales and the Byro East Project in WA.
December 2
Close the Loop Ltd (ASX:CLG) (CLG)
- Resource collection, recycling and packaging
- IPO: Up to 60 million shares, raising up to $12 million at $0.20
- Target market cap: $66 million
Close the Loop has developed a battery collection and recycling solution in Australia.
It provides sustainability solutions to companies in a bid to enhance their corporate social responsibility programs.
December 3
8AU Limited (8AU)
- Mining and exploration
- IPO: Up to 60 million shares, raising up to $12 million at $0.20
- Target market cap: $19 million
8AU Limited is exploring some of WA’s most prolific mineralised regions.
Its portfolio is prospective for gold and green economy minerals, such as nickel, copper and platinum group elements.
Orange Minerals NL (OMX)
- Mineral exploration
- IPO: Up to 35 million shares, raising up to $7 million at $0.20
- Target market cap: $16.4 million
Orange Minerals is a gold and copper exploration company.
It hosts projects on the historic Lachlan Fold Belt in New South Wales and the Eastern Goldfields in Western Australia.
December 6
Australian Bond Exchange Holdings Limited (ABE)
- Financial advice and dealing services in the OTC bond market
- IPO: Up to 16 million shares, raising up to $10.4 million at $0.65
- Target market cap: $76 million
The Australian Bond Exchange offers high-yield and high-security bond investments.
It offers private investors direct access to Australia’s wholesale bond market.
Larvotto Resources Limited (LRV)
- Mineral exploration
- IPO: Up to 30 million shares, raising up to $5 million at $0.20
- Target market cap: $11 million
Larvotto is an Australian-based mineral explorer on the hunt for copper and gold.
It hosts a portfolio of largely unexplored assets across tier one mining jurisdictions in Australia and New Zealand.
Newmark Property REIT (NPR)
- Investment in Australian Real Estate Assets
- IPO: Up to 75 million shares, raising up to $128.3 million at $0.20
- Target market cap: $35 million
Newmark is a real estate investment trust that combines assets from the company’s Hardware Trust and the Newmark Capital (Chadstone) Property Trust.
The REIT will cover eight commercial properties Along Australia’s eastern seaboard.
December 7
American West Metals Limited (AW1)
- Mining activities
- IPO: Up to 16 million shares, raising up to $15 million at $0.20
- Target market cap: $76 million
American West Metals is exploring for base metals in North America.
Its projects include the West Desert zinc-copper-indium deposit and Copper Warrior property in Utah and the Storm Copper and Seal Zinc projects in Nunavut, Canada.
December 8
Rubix Resources Limited (RB6)
- Exploration and project development
- IPO: Up to 22.5 million shares, raising up to $4.5 million at $0.20
- Target market cap: $7 million
Rubix has secured rights to four projects in WA and Queensland, targeting high-grade copper, nickel, platinum group elements, zinc and gold.
It holds the Paperbark and Etheridge assets in the sunshine state and the Collurabbie North and Lake Johnston properties in Australia’s west.
December 9
The Hydration Pharmaceuticals Company Limited (HPC)
- Selling liquid, tablet and powder hydration solutions in North America
- IPO: Up to 58.6 million shares, raising up to $17 million at $0.29
- Target market cap: $47 million
The Hydration Pharmaceuticals Company is responsible for Hydralyte, a global hydration brand.
It is focused on North American markets, including the US and Canada.
December 10
Panther Metals Ltd (PNT)
- Mineral exploration
- IPO: Up to 25 million shares, raising up to $5 million at $0.20
- Target market cap: $11 million
Panther is ready to pounce on a series of drill-ready nickel and gold targets.
It’s exploring in tier-one mining districts across Laverton in WA and the Northern Territory.
Resilience Mining Mongolia Limited (RM1)
- Mineral exploration and development
- IPO: Up to 30 million shares, raising up to $6 million at $0.20
- Target market cap: TBA
Resilience Mining Mongolia was formed by a group of exploration, mining and financing professionals based in Mongolia and Australasia.
It recently entered a deal with Kincora Copper Ltd (TSX-V:KCC) to acquire its Mongolian projects.
Ronin Resources (RON)
- Mining and exploration
- IPO: Up to 25 million shares, raising up to $5 million at $0.20
- Target market cap: $6.3 million
Ronin is the sole owner of two prospective exploration projects in Colombia.
The Vetas Project is the company’s primary focus and is a large, high-grade, thermal coal, while the Santa Rosa Project is an earlier stage gold and copper project in a prolific artisanal mining district.
December 13
Black Mountain Energy (BME)
- Oil and gas exploration
- IPO: Up to 55 million shares, raising up to $11 million at $0.20
- Target market cap: $51 million
Black Mountain is working on an unconventional drilling approach to secure low-impact, low-risk, carbon neutral natural gas.
The team hopes to bring North American expertise to what it describes as the “Australian Shale Revolution”.
Haranga Resources Limited (HAR)
- Mineral exploration
- IPO: Up to 32.5 million shares, raising up to $6.5 million at $0.20
- Target market cap: $12 million
Haranga has mapped out a two-year exploration and development budget, with a view to declare resources for its two premier projects.
These include the Issia Gold Project and Saraya Uranium Project in West Africa.
Lukin Resources Limited (LKN)
- Mineral exploration
- IPO: Up to 37.5 million shares, raising up to $7.5 million at $0.20
- Target market cap: $13.4 million
Lukin is developing minerals and metals projects for the new economy.
It’s exploring for gold, base and critical commodities across Australia and South Africa.
December 15
Armada Metals Limited (AMM)
- Mineral exploration
- IPO: Up to 50 million shares, raising up to $10 million at $0.20
- Target market cap: $21 million
Armada is the brainchild of ASX listers Metal Tiger Ltd and Cobre Ltd (ASX:CBE).
It’s on the hunt for nickel and copper in southern Gabon.
December 16
AVADA Group Limited (AVD)
- Traffic management
- IPO: Up to 32.5 million shares, raising up to $32.5 million at $1.00
- Target market cap: $73.2 million
AVADA hopes to establish a national network of traffic management operators and ancillary services.
Through this system, it will service the civil infrastructure and maintenance sector.
XPON Technologies Group Limited (XPN)
- Cloud-based marketing technology solutions
- IPO: Up to 62.5 million shares, raising up to $12.5 million at $0.20
- Target market cap: $60.7 million
XPON describes itself as a technology company for the next generation of marketing and customer experience.
The company delivers integrated, end-to-end solutions that simplify marketing and CX modernisation.
December 17
IPD Group Ltd (IPG)
- Electrical equipment distributor and service provider
- IPO: Up to 33.5 million shares, raising up to $40 million at $1.20
- Target market cap: $103.6 million
IPD Group is an Australian owned company with a national footprint servicing the electrical industry.
It has been marketing global brands like ABB, GE, Socomec, DEHN and Elsteel for more than 65 years.
My Rewards International Limited (MRI)
- Employee and consumer rewards, loyalty and engagement program provider
- IPO: Up to 35 million shares, raising up to $7 million at $0.20
- Target market cap: $41 million
My rewards aims to attract, retain and engage staff with rewards from leading brands.
The business connects more than 4.6 million members with more than 4,500 brands.
SHAPE Australia Corporation Limited (SHA)
- Specialist building contractor and construction manager
- IPO: Up to 1.02 million shares, raising up to $2 million at $1.96
- Target market cap: $163 million
SHAPE Australia was established more than 30 years ago as a business focused solely on office fit-out and refurbishment in Canberra, Melbourne and Sydney.
Since then, it’s grown to become one of Australia’s leading fit-out and refurbishment companies, servicing the commercial and government, hospitality, healthcare, education, defence and retail sectors.
Solis Minerals Limited (SLM)
- Mining and exploration
- IPO: Up to 30 million CDIs, raising up to $6 million at $0.20
- Target market cap: $12.5 million
Solis Minerals has three large-scale copper exploration projects in Chile and Peru.
Its portfolio includes the recently-acquired Mostazal Project in Chile and the Ilo Este and Ilo Norte projects in Peru’s southern coastal copper belt.
Top End Energy Ltd (TEE)
- Oil and gas exploration
- IPO: Up to 32 million shares, raising up to $6.4 million at $0.20
- Target market cap: $14 million
Top End hopes to meet the world’s increasing energy demand while minimising carbon footprint.
It works to deliver natural gas, renewable end products and clean energy solutions.
December 20
BirdDog Technology Limited (BDT)
- Audio-visual and video technology manufacturer
- IPO: Up to 50.7 million shares, raising up to $33 million at $0.65
- Target market cap: $133 million
BirdDog is a global video technology company that develops and manufactures high-quality hardware and software solutions.
The company was founded in 2016 by Dan Miall and Eamon Drew after they identified an opportunity to disrupt the broadcast industry.
ChemX Materials Limited (CMX)
- Mineral exploration
- IPO: Up to 35 million shares, raising up to $8 million at $0.20
- Target market cap: $18 million
ChemX intends to build a pilot-scale high purity alumina plant and advance exploration over two properties in the Eyre Peninsula.
The company acquired the Kimba Kaolin/Halloysite Project and the Jamieson Tank Manganese Project from Archer Materials Ltd (ASX:AXE, OTC:ARRXF) in June.
Greentech Metals Limited (GRE)
- Mineral exploration
- IPO: Up to 25 million shares, raising up to $5 million at $0.20
- Target market cap: $9.1 million
Greentech Metals is out to discover, develop and acquire resource projects to supply the growing demand from global electrification – driven largely by energy storage via batteries and electric vehicles.
Currently, the company is working on a suite of nickel, copper and platinum group element (PGE) assets in the underexplored West Pilbara region of Western Australia.
December 21
Vertex Minerals Limited (VTX)
- Mining and exploration
- IPO: Up to 27.5 million shares, raising up to $5.5 million at $0.20
- Target market cap: $9.7 million
Vertex is an Australian, gold-focused exploration and development company.
It’s a spin-out from ASX-lister Peak Minerals Ltd.
December 22
Atturra Limited (ATA)
- Technology services
- IPO: Up to 49.6 million shares, raising up to $24.8 million at $0.50
- Target market cap: $100.3 million
Atturra is on a mission to redefine the future through technology.
It offers a full gamut of technology services — everything from advice, business application and management control solutions.
DMC Mining Limited (DMM)
- Mineral exploration
- IPO: Up to 25 million shares, raising up to $5 million at $0.20
- Target market cap: $9.3 million
DMC Mining is exploring the highly prolific Yilgarn Craton margin in WA.
The nickel explorer holds one of the largest tenement packages in the Fraser Range.
Falcon Metals Limited (FAL)
- Mineral exploration
- IPO: Up to 60 million shares, raising up to $30 million at $0.50
- Target market cap: $88.5 million
Falcon is the gold spin-out of famed explorer Chalice Mining Ltd (ASX:CHN, OTCQB:CGMLF).
It’s exploring more than 5,000 kilometres of ground in Victoria’s Bendigo Zone — home to one of the world’s highest grade and most profitable gold mines.
December 23
Abarta Resources Limited (AB1)
- Mining and exploration
- IPO: Up to 30 million shares, raising up to $6 million at $0.20
- Target market cap: $9.4 million
Abarta is looking for gold and base metals in Australia.
It’s focused on exploring for commodities at its East Laverton, England and Edward projects.