• ASX Capital raisings in September 2020 totalled $2.28bn
  • 2020’s total nearly reaches $40bn
  • Resources raised the most money and it wasn’t just gold stocks

ASX Capital raisings in September 2020 totalled $2.28bn continuing the solid year for ASX-focused investment banks.

While September was less than half of August’s total, 2020’s total continues to accelerate surpassing $39.7bn in the first three quarters of 2020.

The resources sector raised $650m — more than any other sector — and accounted for more than half the number of capital raisings done.

Consumer stocks were close behind, raising $587m, although $353m of this came from PointsBet (ASX:PBH).

September’s biggest deal came from financial giant IOOF (ASX:IFL), which completed a $452m placement.

Here’s a list of all ASX capital raisings completed in September (by date of securities listing on the ASX):

Swipe or scroll to reveal the full table. Click headings to sort.

Effective Date Code Company Offer Size (M) Offer Type Offer Price Last Close Offer To Date Last Price Market Cap at Offer (M) Industry Sector
09/08/2020 IFL IOOF Holdings Ltd 452.07 Placement 3.5 3.08 -9 3.08 1961 Financial
09/09/2020 PBH PointsBet Holdings Pty Ltd 200.07 Placement 11 10.56 -1 10.56 1885 Consumer, Cyclical
09/07/2020 PBH PointsBet Holdings Pty Ltd 153.20 RIGHTS 6.5 10.56 67 10.56 1885 Consumer, Cyclical
09/03/2020 ORE Orocobre Ltd 126.12 Placement 2.52 2.48 -1 2.48 824 Basic Materials
09/18/2020 DEG De Grey Mining Ltd 87.74 Placement 1.2 1.215 6 1.215 1550 Basic Materials
09/16/2020 NEA nearmap Ltd 83.66 Placement 2.77 2.37 -14 2.37 1330 Consumer, Non-cyclical
09/07/2020 LBY Laybuy Group Holdings Ltd 80.06 IPO 1.41 1.505 9 1.505 246 Technology
09/09/2020 WSP Whispir Ltd 77.42 Placement 3.81 3.51 -4 3.51 396 Technology
09/10/2020 KSL Kina Securities Ltd 69.90 RIGHTS 0.8 0.8 -1 0.8 184 Financial
09/15/2020 AIM Access Innovation Holdings Ltd 65.68 IPO 1.23 1.15 0 1.15 178 Consumer, Cyclical
09/02/2020 HUO Huon Aquaculture Group Ltd 64.00 Placement 3 2.9 -3 2.9 328 Consumer, Non-cyclical
09/16/2020 CLW Charter Hall Long Wale REIT 60.00 Placement 4.87 5.02 7 5.02 2448 Financial
09/21/2020 TIE Tietto Minerals Ltd 56.40 Placement 0.62 0.505 -19 0.505 279 Basic Materials
09/23/2020 PLT Plenti Group Ltd 55.00 IPO 1.66 1.245 -23 1.245 280 Financial
09/14/2020 BCI BCI Minerals Ltd 47.87 RIGHTS 0.24 0.24 -2 0.24 117 Basic Materials
09/15/2020 OBM Ora Banda Mining Ltd 39.96 Placement 0.23 0.37 63 0.37 193 Basic Materials
09/21/2020 DGO DGO Gold Ltd 30.74 Placement 3.45 3.2 -6 3.2 241 Basic Materials
09/11/2020 BUB Bubs Australia Ltd 28.30 Placement 0.8 0.74 -7 0.74 486 Consumer, Non-cyclical
09/10/2020 5GN 5G Networks Ltd/Australia 27.50 Placement 1.8 1.58 -10 1.58 192 Communications
09/07/2020 SVY Stavely Minerals Ltd 25.00 Placement 0.6 0.545 -9 0.545 175 Basic Materials
09/28/2020 GDG Generation Development Group L 21.87 Placement 0.7 0.735 6 0.735 116 Financial
09/24/2020 NSM North Stawell Minerals Ltd 20.00 IPO 0.5 0.41 -9 0.41 60 Basic Materials
09/15/2020 NTU Northern Minerals Ltd/Australi 22.00 Placement 0.02 0.029 45 0.029 89 Basic Materials
09/10/2020 NTO Nitro Software Ltd 19.10 Placement 2.2 2.76 24 2.76 419 Consumer, Non-cyclical
09/17/2020 BSX Blackstone Minerals Ltd 17.82 Placement 0.42 0.435 7 0.435 136 Basic Materials
09/25/2020 QFE QuickFee Ltd 15.00 Placement 0.58 0.54 -2 0.54 114 Consumer, Non-cyclical
09/16/2020 SES SECOS Group Ltd 14.86 Placement 0.17 0.155 -9 0.155 88 Basic Materials
09/02/2020 HAS Hastings Technology Metals Ltd 14.15 Placement 0.125 0.12 0 0.12 143 Basic Materials
09/22/2020 STN Saturn Metals Ltd 13.74 Placement 0.67 0.665 1 0.665 73 Basic Materials
09/17/2020 GDG Generation Development Group L 13.15 RIGHTS 0.7 0.735 6 0.735 123 Financial
09/25/2020 AAR Anglo Australian Resources NL 11.00 Placement 0.17 0.16 -6 0.16 91 Basic Materials
09/21/2020 KSL Kina Securities Ltd 10.47 Placement 0.8 0.8 -1 0.8 185 Financial
09/09/2020 RXM Rex Minerals Ltd 10.00 Placement 0.165 0.145 -3 0.145 61 Basic Materials
09/24/2020 PMY Pacifico Minerals Ltd 10.00 Placement 0.018 0.017 -6 0.017 62 Basic Materials
09/22/2020 LCL Los Cerros Ltd 10.00 Placement 0.115 0.17 57 0.17 52 Basic Materials
09/04/2020 EEG Empire Energy Group Ltd 10.00 Placement 0.3 0.345 10 0.345 89 Energy
09/18/2020 SRJ SRJ Technologies Group PLC 9.46 IPO 0.5 0.7 40 0.7 60 Energy
09/23/2020 LRK Lark Distilling Co Ltd 8.86 Placement 1.1 1.35 22 1.35 69 Consumer, Non-cyclical
09/24/2020 NXS Next Science Ltd 8.00 Placement 1.2 1.255 4 1.255 226 Health
09/15/2020 MR1 Montem Resources Ltd 8.00 IPO 0.25 0.195 -18 0.195 51 Energy
09/14/2020 MLL Mali Lithium Ltd 7.62 Placement 0.16 0.155 0 0.155 58 Basic Materials
09/07/2020 CAY Canyon Resources Ltd 7.18 Placement 0.1 0.14 45 0.14 57 Basic Materials
09/11/2020 MNS Magnis Energy Technologies Ltd 7.15 Placement 0.17 0.195 15 0.195 120 Industrial
09/11/2020 MAU Magnetic Resources NL 7.10 Placement 1.38 1.13 -17 1.13 298 Basic Materials
09/18/2020 CCA Change Financial Ltd 6.41 Placement 0.095 0.12 42 0.12 33 Technology
09/04/2020 9SP 9 Spokes International Ltd 5.98 Placement 0.036 0.031 -11 0.031 43 Technology
09/21/2020 DOU Douugh Ltd 6.00 Placement 0.03 18 Communications
09/03/2020 COO Corum Group Ltd 5.64 RIGHTS 0.042 0.048 14 0.048 26 Communications
09/08/2020 EX1 Exopharm Ltd 5.73 Placement 0.24 0.315 35 0.315 29 Health
09/16/2020 KTG K-TIG Ltd 5.42 Placement 0.25 0.245 6 0.245 42 Industrial
09/02/2020 AUZ Australian Mines Ltd 5.22 Placement 0.018 0.013 -22 0.013 71 Basic Materials
09/15/2020 FFL Founders First Ltd 4.71 Placement 0.35 0.39 13 0.39 48 Consumer, Non-cyclical
09/15/2020 FIJ Fiji Kava Ltd 4.59 Placement 0.18 0.195 8 0.195 23 Consumer, Non-cyclical
09/08/2020 GMD Genesis Minerals Ltd 4.39 Placement 0.042 0.088 110 0.088 81 Basic Materials
09/10/2020 TAR Taruga Minerals Ltd 4.00 Placement 0.06 0.062 -2 0.062 27 Basic Materials
09/03/2020 MEP Minotaur Exploration Ltd 4.05 Placement 0.05 0.072 54 0.072 23 Basic Materials
09/11/2020 TPD Talon Petroleum Ltd 4.01 Placement 0.002 0.004 50 0.004 15 Energy
09/09/2020 PYG PayGroup Ltd 3.50 Placement 0.58 0.56 -4 0.56 45 Consumer, Non-cyclical
09/24/2020 ARL Ardea Resources Ltd 3.50 Placement 0.47 0.45 -2 0.45 59 Basic Materials
09/25/2020 RNU Renascor Resources Ltd 3.44 Placement 0.011 0.011 9 0.011 18 Basic Materials
09/25/2020 MTC MetalsTech Ltd 3.30 Placement 0.165 0.165 0 0.165 24 Basic Materials
09/24/2020 VEN Vintage Energy Ltd 3.10 Placement 0.06 0.062 3 0.062 24 Energy
09/02/2020 BEE Broo Ltd 2.81 RIGHTS 0.018 0.017 -3 0.017 15 Consumer, Non-cyclical
09/10/2020 TYM Tymlez Group Ltd 2.74 Placement 0.11 0.13 5 0.13 32 Technology
09/16/2020 CNB Carnaby Resources Ltd 2.65 Placement 0.3 0.315 12 0.315 32 Basic Materials
09/29/2020 OIL Optiscan Imaging Ltd 2.43 Placement 0.0825 0.097 18 0.097 42 Health
09/18/2020 SRI Sipa Resources Ltd 2.33 Placement 0.072 0.075 1 0.075 13 Basic Materials
09/11/2020 IHR intelliHR Ltd 2.30 Placement 0.075 0.23 207 0.23 21 Technology
09/02/2020 CHK Cohiba Minerals Ltd 2.29 Placement 0.016 0.017 0 0.017 17 Basic Materials
09/07/2020 EMD Emyria Ltd 2.20 Placement 0.08 0.081 0 0.081 17 Technology
09/16/2020 OAR Oakdale Resources Ltd 2.20 Placement 0.021 0.021 5 0.021 34 Basic Materials
09/04/2020 TEG Triangle Energy Global Ltd 2.20 Placement 0.03 0.038 40 0.038 13 Energy
09/14/2020 INF Infinity Lithium Corp Ltd 2.20 Placement 0.07 0.089 32 0.089 19 Basic Materials
09/30/2020 TSL Titanium Sands Ltd 2.20 Placement 0.044 0.044 0 0.044 55 Basic Materials
09/29/2020 RIM Rimfire Pacific Mining NL 2.10 Placement 0.0125 0.012 4 0.012 22 Basic Materials
09/22/2020 EUR European Lithium Ltd 2.00 Placement 0.045 0.049 9 0.049 32 Basic Materials
09/11/2020 CAD Caeneus Minerals Ltd 2.00 Placement 0.01 0.013 60 0.013 39 Basic Materials
09/21/2020 A3D Aurora Labs Ltd 2.00 Placement 0.085 0.09 2 0.09 12 Technology
09/28/2020 PUA Peak Minerals Ltd 2.00 Placement 0.025 0.032 32 0.032 14 Basic Materials
09/23/2020 CRL Comet Resources Ltd 1.97 Placement 0.02 0.023 20 0.023 10 Basic Materials
09/21/2020 AUL Austar Gold Ltd 1.96 Placement 0.3 0.4 42 0.4 15 Basic Materials
09/01/2020 TKL Traka Resources Ltd 1.85 RIGHTS 0.02 0.02 0 0.02 10 Basic Materials
09/29/2020 NAE New Age Exploration Ltd 1.77 Placement 0.008 0.013 62 0.013 9 Energy
09/01/2020 RCP Redbank Copper Ltd 1.80 Placement 0.025 0.061 152 0.061 19 Basic Materials
09/25/2020 PM1 Pure Minerals Ltd 1.59 Placement 0.015 0.026 40 0.026 11 Basic Materials
09/04/2020 GNM Great Northern Minerals Ltd 1.53 Placement 0.019 0.018 5 0.018 17 Basic Materials
09/15/2020 RNT Rent.com.au Ltd 1.50 Placement 0.045 0.048 7 0.048 15 Communications
09/17/2020 BAR Barra Resources Ltd 1.48 Placement 0.019 0.027 37 0.027 13 Basic Materials
09/23/2020 BUY Bounty Oil & Gas NL 1.43 Placement 0.01 0.02 100 0.02 11 Energy
09/15/2020 MNB Minbos Resources Ltd 1.27 Placement 0.0015 0.0025 33 0.0025 10 Basic Materials
09/18/2020 ICI iCandy Interactive Ltd 1.25 Placement 0.02 0.086 330 0.086 9 Technology
09/11/2020 AX8 Accelerate Resources Ltd 1.23 Placement 0.05 0.068 36 0.068 7 Basic Materials
09/02/2020 DDD 3D Resources Ltd 1.23 Placement 0.005 0.006 20 0.006 18 Basic Materials
09/18/2020 JRL Jindalee Resources Ltd 1.23 Placement 0.32 0.51 88 0.51 14 Basic Materials
09/04/2020 G88 Golden Mile Resources Ltd 1.11 Placement 0.05 0.064 32 0.064 6 Basic Materials
09/25/2020 KWR Kingwest Resources Ltd 1.00 Placement 0.135 0.135 7 0.135 21 Basic Materials
09/09/2020 TDY Thedocyard Ltd 1.01 Placement 0.1671 14 29 Technology
09/09/2020 EGL Environmental Group Ltd/The 0.82 Placement 0.025 0.027 9 0.027 6 Industrial
09/23/2020 PAK Pacific American Holdings Ltd 0.75 Placement 0.02 0.021 15 0.021 6 Energy
09/09/2020 RDN Raiden Resources Ltd 0.75 Placement 0.007 0.014 100 0.014 4 Basic Materials
09/25/2020 FGL Frugl Group Ltd 0.74 Placement 0.03 0.039 20 0.039 4 Communications
09/02/2020 GLV Global Oil & Gas Ltd 0.70 RIGHTS 0.007 0.016 143 0.016 5 Energy
09/10/2020 KPO Kalina Power Ltd 0.67 Placement 0.025 0.027 8 0.027 28 Utilities
09/18/2020 MRQ MRG Metals Ltd 0.66 Placement 0.006 0.012 100 0.012 8 Basic Materials
09/09/2020 NPM Newpeak Metals Ltd 0.35 Placement 0.0018 0.003 67 0.003 8 Basic Materials
09/15/2020 SRZ Stellar Resources Ltd/Australi 0.30 Placement 0.011 0.016 65 0.016 5 Basic Materials
09/07/2020 RCP Redbank Copper Ltd 0.24 Placement 0.025 0.061 152 0.061 10 Basic Materials

 

Resources deals

While gold has particularly run hot, it did not have the dominance among the ASX capital raisings list seen in months gone by.

The biggest resources deals included a $126m placement from Orocobre (ASX:ORE) — an Argentina-focused lithium producer.

While battery metals sentiment ran cold for many months before COVID-19 there has been a more positive shift in recent months. This has spread across the broader industry as electric vehicle giant Tesla searches for battery metal suppliers.

Orocobre closed out August with news it has signed an MOU with Prime Planet Energy & Solutions (a joint venture between Toyota and Panasonic). Orocobre will supply 30,000 tonnes of lithium equivalent per year by 2025 with initial deliveries starting next year.

Another battery metals player that raised capital was Vietnam-focused nickel play Blackstone Minerals (ASX:BSX), which raised $18m.

Notable gold deals included a $88m placement by De Grey Mining (ASX:DEG), one of 2020’s biggest winners, and the $20m IPO of Victoria-focused North Stawell Minerals (ASX:NSM)

 

Tech & consumer capital raisings

The two biggest deals in the tech sector raised nearly $160m collectively.

At the top of the list was the IPO of the ASX’s latest buy now, pay later stock Laybuy (ASX:LBY).

Closely behind was a $77m placement conducted by communication automation software stock Whispir (ASX:WSP).

Two other notable IPOs were done by transcription tech stock Access Innovation Holdings (ASX:AIM), which raised $66m, and fintech lender Plenti (ASX:PLT), which raised $55m.

The latter was actually one of the few new listings that retreated upon debut.

Among consumer stocks that completed capital raisings, the majority were food and beverage companies.

Successful deals in this sector were done by Huon Aquaculture Group (ASX:HUO), Lark Distilling (ASX:LRK) and Bubs Australia (ASX:BUB).