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Medicinal cannabis companies help drive Australian IPO listings to outperform the ASX200

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Cannabis News, Medical Marijuana

IPOs returned an average of 18.3% in the March quarter, outperforming the ASX200 index by 14.8%, according to the OnMarket 2017 First Quarter IPO Report.

Over the quarter, there were 26 listings raising a combined $232.3 million compared to 12 with a combined $86.3 million in the same three months last year.

Materials floats returned a steady 4.5% on the first day of listing and an average 15.7% gain over the three months.

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Information source: businessinsider.com.au

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