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17 May 2025
By Maynard Paton
I remarked the other month how most flotations had suffered badly during the last few years.
ShareScope lists 233 shares that joined the stock market since the start of 2020, of which 178 (76%) currently trade below their listing price — including 72 that have lost 80% or more of their value.
I consequently devised a ShareScope screen to rummage through the IPO carnage to find potential buying opportunities.
I sought companies that had:
- Floated since the start of 2020;
- A market cap of more than £50 million;
- Net cash;
- A positive operating margin;
- Director holdings of 10% or more, and;
- A GBP-denominated share price.
When I first employed this screen I selected BIG Technologies, in part because of its then 49% post-IPO share-price slump. BIG’s shares then took a further tumble after firing its chief executive for misleading the board!
I therefore decided this time to study a flotation winner!
I selected Elixirr International entirely because of its impressive 244% post-IPO share-price gain.
Let’s take a closer look.
Read my full ELIXIRR INTERNATIONAL article for ShareScope >>Maynard Paton
