Oil IPOs up but cash raised down

THE ASX may be a more healthy, diversified place in the wake of the boom and bust cycle, offering more diversity for punters looking to invest, but the resources sector remains dominant with 32 new IPOs last year, but just three were energy companies, and one of those was in coal.

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According to the latest report from HLB Mann Judd, the three energy firms raised a mere A$22 million, which compares to the single 2016 oil and gas float - Australis Oil & Gas - which raised $30