AusBiz – Bamboo underwear meets ASX debut

06 Oct 2021

After kicking off with why a bumpy September is nothing to be worried about, Dean Fergie over at Cyan Asset Management picks out a few small cap IPOs past and present that have caught his eye. With lithium all the rage, he wasn’t surprised that LIS Energy (LIS) at one stage was briefly valued at more than the parent. Touch Ventures (TVL) did well, but Dean thought a little unloved given the Afterpay (APT) backing. Breaking the mould – literally – is Step One, a simple online Brisbane business selling men’s underwear, looking to raise $80m. Why? Because it has plans to debut on the ASX AND break into the women’s underwear range. Talk about a Friday twist! Finally, Dean also runs through why Cyan put some money into Field Solutions Group (FSG).


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