The average return of the 25 companies that have listed in the 2016 calendar year to date is significantly higher than the ASX 200 index return, according to OnMarket BookBuilds.
The OnMarket April-May IPO Report 2016 found the average return for the 25 recently-listed companies was 24.7 per cent, whereas the ASX 200 returned an average of 1.6 per cent.
OnMarket chief executive Ben Bucknell said the data highlighted a “strong start to the year” for the Australian IPO market.
“This reflects a very healthy 2016 Australian IPO market and adds to the impressive IPO performance in 2015 when the average return on the 93 companies that listed on the ASX was 23 per cent,” he said.
Mr Bucknell also noted that there were “more technology and finance companies listing these days” than a decade ago when the resources sector “dominated”.
The data showed the finance and IT sectors cumulatively accounted for almost half of 2016’s IPO market, comprised of 28 per cent IT and 20 per cent finance.
Mr Bucknell added that for the same period last year, an equal number of companies had floated on the ASX but the average return across these 25 was 11.2 per cent, making this year even more successful.
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