Business
Brace for an IPO resurgence as new floats beat the ASX 200 by ~50%
New ASX stocks are beating the old in 2020 and some experts are predicting that this will trigger an IPO revival this year.
Initial public offering (IPO) platform OnMarket found that year-end IPOs outperformed the S&P/ASX 200 Index (Index:^AXJO) by more than 48%, reported the Australian Financial Review.
The average return for all newly minted ASX stocks in 2020 was 46.9% compared with the 1.5% drop in the top 200 stock benchmark.
Best ASX IPOs of 2020
The Nuix Ltd (ASX: NXL) share price, 4DMedical Ltd (ASX: 4DX) share price and Aroa Biosurgery Ltd (ASX: ARX) share price are some examples of stocks that surged on the first day of trade.
The IPOs that delivered the best returns last year are the Tesoro Resources Ltd (ASX: TSO)…
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