Proving that big isn’t always better, the best performing IPOs over the quarter were all smaller cap IPOs:
Abundant Produce. The company is a producer of vegetable seeds for non-ideal conditions such as poor soil, scarce water and extreme temperatures. The company expects strong demand in the Southeast Asia market. The shares listed at 20 cents and today they are trading at 84 cents.
Graphex Mining. A spin-off company to hold IMX Resources’ Chilalo project in Tanzania and other graphite assets. Its shares, which listed at 20 cents, are trading at 57 cents today.
ApplyDirect. An online business linking employers directly with job candidates and eliminate recruitment consultancies. Its 20 cent IPO shares are trading at 42 cents today.
All three did well on the first day of trading and extended that lead over the three months, as these charts show:
