It was not a great year for floats on the ASX in 2018, with 77% of companies that listed finishing the year below their issue price.
The year's three largest listings — Coronado Global Resources, Viva Energy and Coles – all encountered difficulties: at their lowest points, their share prices were down by 28%, 31% and 9% respectively. Let’s look at how the big three are travelling
1. Coronado Global Resources (CRN, $2.97)
Market capitalisation: $2.9 billion
Estimated FY19 (December) dividend yield: 20.2%, franking level not yet known
Analysts’ consensus target price: $4.05 (Thomson Reuters), $3.95 (FN Arena)