A compelling IPO the market hasn’t spotted for now

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Livewire Markets

New listings have had a bad rap this year with some high-profile stumbles. But do a few bad headlines represent the entire market? Running the numbers across all IPOs in Australia in 2019 reveals a very different picture, with average year-to-date gains of 48% across the whole group.

We asked David Poppenbeek from K2 Asset Management for his thoughts on the market when we met up recently. He pointed out that while the flow of new names has been lower than expected, he thinks the pipeline is evolving and nominated one newly listed stock with a compelling thesis that is up 14% in its first month. David also updated us on his thoughts on JB Hi-Fi, which has been on a tear since K2 last talked about it with us.

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In addition to identifying undervalued stocks, K2 has the ability to actively manage equity market exposure and currency exposure as well as having the ability to short sell. To find out more, hit the contact button below or visit their website for more information.


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