A number of classic Australian brands listed on the ASX last week. These tech-enabled companies saw significant increases in their share prices after listing. Here’s the rundown for ASX IPOs you might have missed.
Booktopia Group Ltd (ASX: BKG)
Booktopia is the largest Australian-owned online book retailer by market share with revenue in FY20 of $165.8 million. More than 85% of the items it sold in FY2020 were books. However it also sells eBooks, DVDs, audiobooks, magazines, maps, calendars, puzzles, stationery and cards. The company’s revenue has grown at a compound annual growth rate of approximately 26.4% between FY15 and FY20.
The company raised $43.1 million at an offer price of $2.30 per share. The Booktopia share price has since jumped more than 30% to almost $3.00.
Nuix Ltd (ASX: NXL)
Nuix is a provider of investigative analytics and intelligence software. Its platform supports a range of established use cases, including criminal investigations, financial crime, litigation support, employee and insider investigations, data protection and privacy, data governance, legal eDiscovery and regulatory compliance.
The company has been involved in some headline events over the last 15 years including the Panama Papers, the Royal Commission into the misconduct in the banking, superannuation and financial service industry in Australia, organised crime rings, corporate scandals and terrorist activities.
Nuix has a customer base of more than 1,000 existing customers, including large government agencies, regulators, corporations and professional services firms. In FY20, the company achieved $175.9 million in total revenue, an increase of 25.9% on the previous financial year.
The company successfully raised $953 million at an offer price of $5.31 per share. Its shares opened more than 50% higher on its debut last Friday and closed at $9.06 on Monday.
Cashrewards Ltd (ASX: CRW)
Cashrewards is the largest Australian-owned-and-operated cashback ecosystem with more than 800,000 members and 1,500+ merchant partners. Members can browse brands and access cashback offers while shopping online or in-store with participating merchant partners.
The company generates revenue from commission from merchant partner sales and gift cards. In FY20, the company achieved $17.1 million in revenue and a net profit after tax loss of $5.7 million.
Its IPO raised $65.0 million at $1.73 per share. The Cashrewards share price is closed at $2.03 on Monday, or 17% higher than its offer price.
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Returns as of 6th October 2020
More reading
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- The Nuix (ASX:NXL) share price rocketed a further 37% higher today
- Why Fortescue, Metcash, Nuix, & Xero shares are storming higher
- ASX 200 goes up on Friday
- The Nuix (ASX:NXL) share price zoomed 69% higher following its IPO
Motley Fool contributor Lina Lim has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
The post Red hot ASX IPOs that you might have missed from last week appeared first on The Motley Fool Australia.
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