Infant formula maker, Nuchev, may be preparing for an initial public offering to join the likes of A2 Milk Company Ltd (ASX: A2M) and Bellamy's Australia Ltd (ASX: BAL).
The success of A2 Milk and Bellamy's Australia rides on their catering to niches in the infant formula market, A2 Milk focusing on A2-protein-based products and Bellamy's on organic formula products.
Nuchev could soon join these two share market stars cornering the goat-milk-based formula niche market. Nuchev sales are currently split evenly between Australian and Chinese markets, with its products already on shelves in Australian retail stores.
Share prices in A2 Milk are skyrocketing, up 290% from $1.84 to $7.18 in the past 12 months, while Bellamy's Australia has jumped from $6.30 in mid-July to $11.19 at close Tuesday.
