The average monthly return from the nine companies listing on the ASX in July was 15.7%, about 9.4 percentage points better than ASX 200, according to the latest OnMarket IPO Report.
A total $995.7 million was raised compared with $420 million in June.
Oventus Medical was the strongest performer, jumping 62% over the month since listing on the July 19. Race Oncology was up 22.5%
Big gains were posted by jeweller Michael Hill which raised $440.6 million in the month’s biggest float, returning 8.7% to investors on its first day of trade and 28.7% over the month.
The month featured a private equity sale, the float of finance company Scottish Pacific by Next Capital, which gained 7.8%.
Only one company, retailer Kogan.com, ended the month down. The $1.80 shares dropped 16% on the first day. They are now trading at $1.575.
Ben Bucknell at OnMarket BookBuilds says the average return from the 43 companies which listed on the ASX so far in 2016 is 26.2% compared to 5% from the ASX 200.
The July floats in detail: