In
2017,
113 IPOs raised $6B in total and had a first day average return of 17.10% and
average end of year return of 61.6% !
Source:
https://**promotion blocked**.com.au/top-10-ipos-asx-2017/
Just spotted an IPO (mining stock) going gangbusters
today with
65% gains straight up:
EM2
https://hotcopper.com.au/asx/em2/
The reason I mention this here and now is that MTC is about to spin-out its world-class cobalt assets under iCobalt, prospectus due to be lodged any day now. The priority offer record date will be 4 business days after the prospectus has been lodged.
This should interest current and prospective MTC holders, since:
"Upon listing, iCobalt will have an undiluted market capitalisation of $9.1 million and an enterprise value of $4.6 million."
Source:
http://www.metalstech.net/wp-content/uploads/2018/02/01948694.pdf
It is my personal opinion (not advice) that this is very low for such good cobalt assets and may offer significant upside potential.
More info on the iCobalt IPO can be found here:
http://www.metalstech.net/wp-content/uploads/2017/12/01937866.pdf
Tick tock the iCobalt clock
All personal opinion, pure speculation, not advice, do your own research etc
(20min delay)