Solar glass pioneer ClearVue Technologies has ranked inside the top 20 best performing ASX IPOs for 2018, according to a report collated by stockbrokers EverBlue Capital.
The report, which uses data from capitalraiser.com.au, EverBlue’s inhouse data and the ASX platform, identifies ClearVue as a strong performer having listed in May at an issue price of 20 cents and currently sitting at approximately 26.5 cents (+32.5%).
Throughout the year ClearVue skyrocketed to 76 cents in September, representing a staggering 380 percent rise from the IPO raise.
The market pullback in the latter half of the year has mirrored market turbulence in what has proven to be a challenging year for investors.
Recently The Australian Financial Review reported that Ben Griffiths from blue-chip fund manager Eley Griffiths had suggested the average IPO return last year was negative 17 per cent.
ClearVue has continued to build a strong pipeline of news flow since its inception on to the boards to commercialise its revolutionary technology which extracts solar power from clear glass.
The company has recently commenced a series of MoUs which will see commercial trials of the smart building material.
ClearVue is now working with street furniture supplier yStop to integrate solar glass into sites such as bus shelters and the company has also established a solar greenhouse which is operating at Western Australia’s Murdoch University.
2019 is set to carry the company’s strong momentum, with ClearVue recently launching its products in the American and European markets as it seeks to supply larger-scale projects, such as homes, commercial buildings and curtain walls.
To see the full report, please visit page 10.