ASX capital raisings top $30b in 2020 so far

ASX companies continued to raise money in July, with over $4bn shelled out by investors, taking 2020’s total above $30bn.

According to Bloomberg, there has been $32.3bn worth of cash raised between January 1 and August 3. This is well ahead of the $15.8bn raised at this point last year.

The majority of this was raised by large caps, including $1.3bn from major Aussie airline Qantas (ASX:QAN).

Small cap deals

While companies with market capitalisations below $100m only made up $294m of July’s total, there were 86 capital raisings completed. Nearly two thirds of July’s total ($190m) came from resources stocks.

After health stocks raised more than their resources peers in April and May, mining stocks retook the lead in June and held their ground this month.

A number of stocks have more than doubled since raising capital including Tesoro Resources (ASX:TSO) and Chesser Resources (ASX:CHZ).

Another is one of the few IPOs in recent months Manuka Resources (ASX:MKR), which entered the bourse at 20c and now sits over 60c.

The best performing non-resources stock is cybersecurity play Family Zone Cyber (ASX:FZO), which has more than tripled after raising $10m.

Other notable non-resources deals include casino operator Donaco (ASX:DNA), which conducted a $14.4m rights issue, and pot stock Cann Group (ASX:CAN), which completed a $13m placement.

Here’s a list of all ASX small and micro cap raisings completed in July (by date of securities listing on the ASX):

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

July’s other IPO also doing well

Meanwhile, stocks with market capitalisations between $100m and $500m raised $385m.

The most notable deal came from the other company to list on the ASX in July — New Zealand-headquartered biological scaffold maker Aroa Biosurgery (ASX:ARX).

Aroa raised $45m at 75c per share and its share price has nearly doubled since listing.

Travel agent Helloworld Travel (ASX:HLO) was the biggest tin rattler in July, raising $50m across a placement and rights issue.

The most successful gold stock in the last 12 months (up over 2,500 per cent in that time) Auteco Minerals (ASX:AUT) also topped up its coffers.

Auteco has gotten investors excited ever since it bought its Pickle Crow project in Canada and with the $30m raised has now begun its maiden drilling program.

Among stocks with a market cap between $500m and $1bn was buy now, pay later stock Sezzle (ASX:SZL), which raised $79m, and high flying fashion retail stock City Chic Collective (ASX:CCX), which raised $80m.