Business
Experts pick the best ASX IPO of 2020
It was an odd year.
The share market crashed in late February and March due to a virus pandemic. But later in the same year, we saw private companies climbing over each other to list on the ASX.
While COVID-19 still rages on, rightly or wrongly the share market long ago moved on. The S&P/ASX 200 Index (ASX: XJO) has climbed a stunning 45% since the March trough.
That rapid recovery spurred on private companies to finally take the leap and take the public cash on offer.
The final quarter of 2020, especially, saw some big names pull off their initial public offerings.
As of 22 December, the best-performed listing this year is Douugh Ltd (ASX: DOU).
Its IPO share price was 3 cents, but is now trading at 17 cents — a 466%…
-
General12 hours agoFarmers develop ‘autofill’ tech so agricultural robots can operate around the clock
-
Noosa News18 hours agoRevealed: 75 Qld suburbs you could afford to buy in if lending standards drop
-
General15 hours agoTrump mulling whether to fire US Fed chair Powell
-
Noosa News18 hours agoNowhere is growing like this corner of Queensland. It’s changing the political game