Full story: https://grafa.com/insights/is-the-ipo-drought-breaking--109456

Australia is in the midst of one of the quietest periods for IPOs since the late 2000s.

In fact, there have been so few IPOs that the Australian stock market has actually shrunk for the first time since 2005.

There were just 17 IPOs in the first half of the year and the majority of them are currently underwater from their listing price.

It begs the question, is it safe to go back into the water?

5 IPOs coming up in August

Five companies are lining up to take the plunge next month, with Abacus Storage King (ASX:ASK) the first cab off the ranks.

Abacus has raised $225 million for a spin-off of its $3 billion portfolio of Storage King self-storage properties.

It will list on August 1, at $1.41 per share.

On the same day, Dragonfly Biosciences (ASX:DRF) will list at an issue price of $0.20 per share.

Dragonfly Biosciences sells cannabidiol (CBD) which is used in everyday products such as toothpaste, suncare, balms and moisturisers.

The other companies listing in August are Mining Green Metals (ASX:MG1), Cleo Diagnostics (ASX:COV) and Ashby Mining (ASX:AMG).

Will the Virgin IPO take off?

But the jumbo in the room is Virgin Australia and whether its hotly anticipated IPO will get off the ground before the end of 2023?

US private equity giant Bain Capital owns 93% of the airline after pumping in cash to get it out of administration in 2020.

Bain had appointed investment banks UBS, Barrenjoey and Goldman Sachs to prepare the IPO, but cancelled the Australian roadshow last month.

Sir Richard Branson is planning a trip to Australia later this year, but he says his first trip down under in four years is not linked to the Virgin Australia IPO.

Company

Issue price

Current price

% change since IPO

VHM Limited (ASX:VHM)

$1.35

$0.625

-53.7%

Acusensus (ASX:ACE)

$4.00

$3.17

-20.8%

Gold Hydrogen(ASX:GHY)

$0.50

$0.32

-36.0%

Dynamic Metals (ASX:DYM)

$0.20

$0.28

40.0%

ACDC Metals (ASX:ADC)

$0.20

$0.079

-60.5%

High-Tech Metals (ASX:HTM)

$0.20

$0.19

-5.0%

SQX Resources (ASX:SQX)

$0.20

$0.115

-42.5%

Leeuwin Metals (ASX:LM1)

$0.25

$0.36

44.0%

Patagonia Lithium (ASX:PL3)

$0.20

$0.19

-5.0%

Evergreen Lithium (ASX:EG1)

$0.25

$0.325

30.0%

Augustus Minerals (ASX:AUG)

$0.20

$0.27

35.0%

NGX Limited (ASX:NGX)

$0.20

$0.23

15.0%

Dy6 Metals (ASX:DY6)

$0.20

$0.195

-2.5%

Itani Resources (ASX:ILT)

$0.20

$0.24

20.0%

Redox Limited (ASX:RDX)

$2.55

$2.30

-9.8%

Australian Critical Minerals (ASX:ACM)

$0.20

$0.21

5.0%

Chilwa Minerals (ASX:CHW)

$0.20

$0.19

-5.0%

Prices taken 4:15pm AEST 21 July, 2023