The mixed sentiment towards initial public offerings was apparent yesterday after junior miner Dynasty Metals closed its debut day in the red, while HFA Asset Management's latest investment fund closed 5.5 per cent up on its issue price.

Dynasty Metals' listing follows the cool reception for Uranium Exploration Australia and Talisman Mining, which both listed in late November and closed yesterday at a 37.5 per cent and 5 per cent discount to their issue prices respectively.