IPOs

New telcoForrest and James Spenceley team up in new telco play

Spenceley’s teclo Swoop and WA’s NodeOne will combine in a $60m tie-up through a reverse takeover of ASX shell company, Stemify.

Sean Smith

Drill demandCOVID staff costs a drag on DDH1 float

Drilling float DDH1 expects to wear hefty monthly staff quarantine costs and reduced shifts on some of its rigs until at least the end of March.

Sean Smith

First daySingular Health shares surge in ASX debut

Perth-based Singular Health is enjoying a stellar market debut, with shares in the medical technology company almost doubling this morning.

Kate Purnell

Historic listingMGC Pharma first cannabis company to list in London

WA-linked MGC Pharmaceuticals has become the first medicinal cannabis company to list on the London Stock Exchange.

Kate Purnell

WhatsApp chatsKathiravelu spared jail over ramp up ahead of raising

Despite a reprimand saying the offence committed amounted to “serious criminal misconduct”, the judge has handed Ananda Kathiravelu a suspended sentence.

Neale Prior

Drilling deepDDH1 back again with $380m float bid

The country’s biggest minerals drilling outfit is looking to raise $150m to finally realise a plan to list on the Australian Securities Exchange.

Sean Smith

Stunning debutGamer nets a millionaire status

The Perth gamer who sold his house to start a high-speed Internet provider has been vindicated by a stunning share market debut that has catapulted him into the ranks of WA’s multi-millionaires.

Sean Smith

Blast off2021 starts with bang as punters flock back to rocks

The Australian share market has enjoyed its best float activity in a decade — and mining stocks look among the best-placed to enjoy benefits.

Neale Prior

Looking aheadPerth’s biggest brokers reveal their tips for 2021

How will WA’s powerhouse commodities gold and iron ore fare in 2021? Is lithium ready for a revival and what’s ahead for IPOs and raisings? Big-name brokers reveal all, plus their new year stock tips.

Stuart McKinnon

Strong startDesert Metals in stellar ASX debut

Greenfields explorer joins other recent WA junior listings that have rallied strongly on their first day on the boards.

Stuart McKinnon

Float withdrawnMedallion pulls $20m pre-Christmas IPO

The aspiring gold miner is understood to be eyeing a float in the New Year.

Stuart McKinnon

First dayGenusPlus makes ASX debut

The Perth-based power and telecommunications infrastructure provider has made a respectable start to trading on the boards.

Daniel Newell

Rental reboundAirbnb shares double on stunning market debut

Airbnb joined DoorDash in what is quickly becoming a euphoric moment for new listings in America’s equity markets.

Olivia Carville, Katie Roof and Crystal Tse

IPO ahead?Best & Less mulls listing as sales soar

Budget clothing retailer Best & Less Group has claimed sales growth of 13.5 per cent for its full-year as its owners investigate expanding and listing on the Australian share market.

Steven Deare

IPO fundsPentanet rattles tin for $22.5m

Perth-based internet services provider Pentanet is rattling the tin for $22.5 million to expand the footprint of its fixed-wireless network.

Danielle Le Messurier

Listing plansMining dynasty looms large over DRA Global float

The Perth engineering firm wants to list early next year, but it first has to navigate tensions with South Africa’s Oppenheimer family.

Sean Smith

Strong showingWA Kaolin makes solid ASX debut

The advanced kaolin player will use the $22m raised in its IPO to bring its Wickepin project in the Wheatbelt into commercial production.

Stuart McKinnon

Coal floatBrookfield sets price for biggest IPO of the year

The offer will test investor appetite for assets linked to Australia’s massive fossil fuel industry as some of the world’s biggest institutional investors target net-zero carbon emissions.

Harry Brumpton

Power surgeThird-generation sparky to pocket $33m from float

GenusPlus founder David Riches is selling down his stake in the fast-growing company, which hopes to take advantage of an expected spending blitz on Australia’s energy sector over the next five years

Sean Smith

First dayWA remediation firm Duratec in strong market debut

The company is looking to the defence industry to help drive its growth after COVID-19.

Sean Smith

Cash pours inWA growth makes ASX leader in resources funding

The Australian Securities Exchange has confirmed it is the most prolific market in the world for resources company capital raisings — thanks in large part to WA miners and explorers.

Stuart McKinnon

Investor interestAustralia joins in global IPO frenzy

Australia is finally catching up to the surge of initial public offerings globally, with the country on track to deliver the busiest month for new listings since the start of the year.

Harry Brumpton