The Alchemist Issue 44: Boom to Bust, or Bust to Boom?

Boom to bust, or bust to boom? The ASX Resources IPO Rollercoaster.

The years 2021 and 2022 marked a golden era for the junior resources IPO market, when as one seasoned industry veteran wryly noted, “you could have floated a brick on the ASX”.

Now that the dust has settled and the drill cuttings have cleared, The Alchemist takes a moment to reflect: were the IPOs of that period genuine opportunities, or merely fool’s gold? More importantly, as we approach the final months of 2025, is the stage being set for a fresh wave of IPO hopefuls?

Download the Alchemist Issue 44 here