5 of the best ASX IPOs in the last decade!

In this article, we recap the best ASX IPOs in the last decade.

Investing in IPOs is a big risk because there is no guarantee things will go well. It is always a big adjustment to listed life, even for well-established businesses, because of the level of scrutiny. Things that are outside the company’s control can go wrong , even if there were no IPO red flags. But if things go well, the returns can be substantial.

 

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Best ASX IPOs

 

A2 Milk (ASX:A2M) – up 869%

OK, this was not technically an IPO. This company was already listed on the NZX and dual-listed in Australia without raising fresh capital. But had you bought in at 56c per share in mid-2015, you would have an 869% return today, even with the company down over 70% from its all time highs in mid-2020. A2M manufactures and exports milk and infant formula all around the world, but made significant money from China – until the market was hit by the pandemic.

 

WiseTech (ASX:WTC) – up 1,787%

This company rode the 2010s Tech Wave and largely avoided the 2022 Tech Wreck because it is in arguably the best sector to be as a Tech company, i.e. the logistics space – a sector that arguably needs WiseTech’s products more than ever considering supply chain disruptions.

WiseTech’s main product is CargoWise One, a cloud-based end-to-end logistics execution platform that freight forwarders and other logistics companies can use to manage their businesses. Over 18,000 logistics organisations across 150 countries rely on WiseTech software to facilitate the movement and storage of all types of goods, including 24 of the top 25 global freight forwarders and 41 of the top 50 global Third Party Logistics Providers.

 

Global Lithium Resources (ASX:GL1) – up 600%

So many resources IPOs record one or two goods hits, but are then never heard from again. Not so with this stock. Global Lithium Resources owns the Marble Bar Lithium project, named after the nearby Western Australia town, along with the Manna lithium project – also in Western Australia.

At the time it listed, it had already done significant exploration work, declaring a maiden JORC Inferred Mineral Resource at both projects with 18.4Mt lithium at a grade of just over 1%. And the good news continued once it listed. Not only did it find further lithium, but it inked a 10-year offtake deal for the spodumene concentrate with Suzhou TA&A Ultra Clean Technology for at least 30% of its available output.  And it welcomed Mineral Resources (ASX: MIN) as a substantial shareholder, buying a 5% stake for ~$30m.  

 

Telix Pharmaceuticals (ASX:TLX) – up 1,509%

The dream of every biotech IPO is to take a device or drug through the clinic and onto the market. Telix has literally lived that dream. Telix’s flagship product is Illuccix, which is used for the imaging of prostate cancer and is FDA approved. Its sales have skyrocketed since entering the US market. It reported total revenue of A$22.5m from global sales of Illuccix in the first ten weeks following first commercial sales.

 

Johns Lyng Group (ASX:JLG) – up 571%

When construction and infrastructure companies are dying like flies or facing enormous backlogs of work due to supply chain issues, how has this 2017 IPO been doing so well? Because it repairs insured properties after damage, including weather and other impact incidents. It has a long term-track record of growth with a 25% revenue CAGR since 2004, soon after current CEO Scott Didier bought it outright. But 2022 was a particularly outstanding year for the company, due to an increase in catastrophe activity.

 

 

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