There certainly has been a number of high-flying IPOs recently like Auscann Group Holdings Ltd (ASX: AC8) and Bubs Australia Ltd (ASX: BUB).
While these two companies stole a lot of the headlines with their huge gains, a few others have slipped under the radar. Here are three IPOs which I think investors should be aware of:
Although the Freedom Insurance Group Ltd (ASX: FIG) share price has almost doubled since listing at the end of last year, I still see a lot of value in its shares at 14x estimated FY 2017 earnings. Freedom is a specialist in the development, distribution, and administration of life insurance products. Demand for its products has been so strong the company has been forced to upgrade its pro forma full-year guidance twice already this year.
The Murray River Organics Ltd (ASX: MRG) share price hasn't fared as well as Freedom Insurance since listing. The organic healthy snacks company's shares are down by around 10% from its IPO price of $1.30. With the global certified organic food and drink market estimated to be worth $104 billion a year, Murray River Organics could have a bright future ahead of it if it can grab a meaningful share of the market.
The Zenitas Healthcare Ltd (ASX: ZNT) share price has climbed 6% since listing on the ASX in January at $1.00. I think the home care and health services company is definitely one to watch considering Australia's ageing population. Zenitas provides a range of community-based health services that provide integrated care solutions with the aim of reducing the high cost of acute hospital care.
