IPO update

After a record low in 2019 of 2 listings, Queensland IPO listings have been building back up over recent years. 2022 unfortunately saw this trend reversed with only 7 for the year (one down on 2021's 8 IPOs).

Five of the seven listings in 2022 were energy, mining & utilities businesses; two mineral mining, two gold and renewable power generation and carbon abatement company, LGI Limited. Rounding out the list of Queensland IPOs in 2022 were:

• IT consulting firm SOCO Corporation Ltd (listing just days before Christmas); and

• The largest listing, Microba Life Sciences Limited at an offer size of $30m back in April 2022, on which Pitchers acted as Investigating Accountants.