The financial markets have been through a tough time during 2020 with a strong start to 2020 being followed by some tough times as COVID-19 made its way through the majority of the world. Before the onset of the pandemic, there were numerous Initial Public Offerings, IPOs scheduled to take place during 2020 following a glut of impressive moves on the markets involving companies in different industrial sectors. With the aid of corporate advisory firms, such as Everblu Capital, the benefits of an IPO have become known to more companies than ever before.
A Successful 2019 and 2020 First Quarter
Before the pandemic struck, 2019 and the first quarter of 2020 had been impressive for the majority of the Australian Stock Exchange. By the end of 2019, the ASX had risen by approximately 20 per cent with many IPOs offering the chance for growth when identified early by investors.
The 2020s Top Information Technology IPOs
Over the first few months of 2020, a number of information technology stocks were floated to bring new options for investors in Australia. One of the highest performing stocks to be floated in this sector is Cosol Ltd. which looks to provide IT solutions to its customers. Although the rise in the stock price for Cosol Ltd. was not particularly dramatic it had climbed from an initial offering of $0.20 on January 24 to $0.34 by the end of February.
Healthcare Sector IPOs
2020 could be the year when the healthcare and biotech industries begin to post huge results because of the impact of COVID-19. Even before the virus had made its way around most of the world, the latest offerings from the healthcare industry had seen vast increases following their floatation on the ASX. Listed on the Stock Exchange on February 20, Little Green Pharma Ltd. had seen a market capitalization of over $46 million over the course of a single day of trading.
Looking back to 2019, the healthcare and biotech sector saw a boost in value because of the arrival of Osteopore on the ASX. The market capitalisation achieved by Osteopore initially reached $5.25 million with the share price climbing from $0.20 to $0.73 constituting a rise of 265 per cent.
Looking a little further back, the launch of Uniti Wireless in February 2019 was one of the most successful in a long time. The company had embarked on a range of purchases of its rivals and suppliers of wireless technology to increase market confidence throughout 2019. After an initial offering in February 2019, the stocks of Uniti Wireless have continued to rise with the company trading at 532 per cent higher than its IPO.