2020 has been a busy year for ASX-focused rainmakers.

So far this year they have raised $27.78bn, according to Bloomberg, more than double the $12.98bn raised by this time last year.

The pandemic forced the hands of hundreds of ASX stocks to raise cash. Some acted at early stages of the pandemic either seeing revenue drying up or eyeing new opportunities.

Gold explorers raised much of March’s capital in the small cap space, encouraged by strong gold prices.

Other companies have taken their time before turning to investors for cash.

Qantas (ASX:QAN), for example, today announced a capital raise but prior to that sought liquidity from debt funding.

The increased number of capital raisings has been helped by ASIC’s temporary easing of regulations.

 

The top rainmakers

Manager Rank Vol ($M) Deals Market Share (%)
Macquarie 1 5021.90 23 18.96%
Goldman Sachs 2 4639.11 16 17.51%
JP Morgan 3 4051.37 15 15.29%
UBS 4 3639.60 22 13.74%
Citi 5 1634.41 8 6.17%
Credit Suisse 6 1252.79 8 4.73%
RBC Capital Markets 7 1188.85 7 4.49%
Morgan Stanley 8 666.67 4 2.52%
Bell Potter Securities Ltd 9 642.83 34 2.43%
Canaccord Genuity 10 568.29 48 2.15%
Jarden Partners Ltd 11 518.87 5 1.96%
BofA Securities 12 477.71 4 1.80%
Ord Minnett Ltd 13 251.71 7 0.95%
Moelis & Co 14 217.00 5 0.82%
Morgans 15 202.73 22 0.77%
Deutsche Bank 16 168.16 5 0.63%
Shaw & Partners Ltd 17 161.83 12 0.61%
Petra Capital Pty Ltd 18 130.11 2 0.49%
Euroz Securities 19 118.28 12 0.45%
Joh Berenberg Gossler & Co KG 20 85.49 1 0.32%
Argonaut Ltd 21 62.44 8 0.24%
Forsyth Barr Ltd 22 59.23 3 0.22%
Evolution Capital Advisors Pty Ltd 23 51.94 3 0.20%
Peloton Capital Pty Ltd 24 39.55 10 0.15%
PAC Partners Pty Ltd 25 37.76 9 0.14%
Evans Dixon Ltd 26 37.00 3 0.14%
Capital Royalty Partners II LP 27 34.67 1 0.13%
FS Parallel Fund LP 27 34.67 1 0.13%
Wilsons Corporate Finance Ltd 29 33.74 2 0.13%
CCZ Statton Equities 30 32.12 3 0.12%
Henslow Pty Ltd 31 30.15 6 0.11%
Hartleys Ltd 32 28.58 13 0.11%
Veritas Securities Ltd 33 27.58 6 0.10%
BW Equities Pty Ltd 34 16.94 3 0.06%
Cantor Fitzgerald 35 15.82 1 0.06%
Cormark Securities Inc 35 15.82 1 0.06%
Peel Hunt LLP 35 15.82 1 0.06%
Ashanti Capital Ltd 38 14.67 3 0.06%
Taylor Collison Ltd 39 12.92 6 0.05%
Baker Young Ltd 40 10.68 3 0.04%
Fordham Financial Management Inc 41 9.30 1 0.04%
Loop Capital Markets LLC 41 9.30 1 0.04%
Blue Ocean Equities Pty Ltd 43 9.16 3 0.03%
Foster Stockbroking Pty Ltd 44 9.00 1 0.03%
Arlington Group Asset Management Ltd 45 8.67 1 0.03%
Ironbridge Capital Pty Ltd 45 8.67 1 0.03%
Tectonic Advisory Partners LLC 45 8.67 1 0.03%
Viriathus Capital 48 8.65 2 0.03%
KG Capital Partners Pty Ltd 49 8.52 2 0.03%
CPS Capital Group Pty Ltd 50 8.10 3 0.03%
Everblu Capital Pty Ltd 51 7.63 2 0.03%
JP Equity Partners 52 7.10 3 0.03%
SI Capital Ltd 53 6.52 1 0.02%
Clarksons Platou Securities 54 6.20 1 0.02%
Bridge Street Capital Partners Pty Ltd 55 6.16 1 0.02%
Alto Capital 56 5.00 1 0.02%
Canary Capital Pty Ltd 56 5.00 1 0.02%
Nascent Capital Partners 56 5.00 1 0.02%
Delphi & Co 59 4.95 1 0.02%
Sparta Capital LLC 59 4.95 1 0.02%
Allenby Capital Ltd 61 4.91 1 0.02%
Baillieu Holst Ltd 62 4.79 2 0.02%
Primewest Group Ltd 63 4.50 1 0.02%
Empire Capital Partners Pty Ltd 64 4.35 1 0.02%
Barclay Pearce Corporate Pty Ltd 65 4.15 1 0.02%
Xcel Capital Pty Ltd 66 3.94 3 0.01%
HC Wainwright & Co 67 3.53 1 0.01%
Amvest Capital Inc 68 3.45 1 0.01%
Pinnacle Corporate Finance Pty Ltd 69 3.12 4 0.01%
Curran & Co 70 2.96 1 0.01%
SinoPac Financial Holdings 71 2.85 1 0.01%
Merchant Group Pty Ltd 72 2.79 2 0.01%
Acova Capital 73 2.70 1 0.01%
SP Angel Corporate Finance LLP 74 2.59 2 0.01%
Municipal Advisor Solutions LLC 75 2.57 1 0.01%
Sanlam Private Wealth Pty Ltd 76 2.50 3 0.01%
Lazarus Corp Finance Pty 77 2.30 2 0.01%
Aitken Murray Capital Partners Pty Ltd 78 2.18 1 0.01%
Discovery Capital Partners 79 2.14 3 0.01%
Aetas Global Markets Ltd 80 1.88 1 0.01%
GTT Ventures Pty Ltd 81 1.78 2 0.01%
Wentworth Global Capital Partners Pty Ltd 82 1.77 1 0.01%
Bizzell Capital Partners 83 1.68 2 0.01%
MST Financial Services Pty Ltd 83 1.68 2 0.01%
Originate Capital 85 1.65 1 0.01%
Gleneagle Securities Aust Pty Ltd 86 1.41 1 0.01%
DELCOR Advisory Group 87 1.36 1 0.01%
Peak Asset Management 88 1.31 1 0.00%
Beer & Co Pty Ltd 89 1.25 1 0.00%
Mahe Capital Pty Ltd 90 1.21 3 0.00%
JB Advisory Pty Ltd 91 1.18 1 0.00%
Interbolsa SA 92 1.14 1 0.00%
M2 Management Inc 92 1.14 1 0.00%
Sequoia Financial Group Ltd 94 1.10 2 0.00%
CM Partners Ltd 95 1.04 1 0.00%
Novus Capital Ltd 96 1.00 1 0.00%
Pamplona Capital Pty Ltd 97 0.98 1 0.00%
Peregrine Corporate Ltd 98 0.93 1 0.00%
Amicaa Advisors Pty Ltd 99 0.75 1 0.00%
Pinnacle Equities 100 0.68 1 0.00%
Shard Capital Partners LLP 101 0.66 1 0.00%
Sixty Two Capital Pty Ltd 102 0.58 1 0.00%
Aesir Capital Pty Ltd 103 0.50 1 0.00%
Clarus Securities 103 0.50 1 0.00%
TAM Asset Management Ltd 105 0.47 1 0.00%
Cumulus Wealth Management 106 0.25 1 0.00%
Alpha Securities Ltd 107 0.24 1 0.00%
Martin Place Securities Pty Ltd 108 0.20 1 0.00%
Altor Capital Pty Ltd 109 0.12 1 0.00%

 

The top places were dominated by large-cap focused dealmakers with Macquarie, Goldman Sachs and JP Morgan taking out the top three.

In the smaller cap sector, Bell Potter and Canaccord Genuity are head and shoulders above their peers having raised $643m and $568m respectively.

About half of Bell Potter’s total came from three deals — a $151.7m rights issue for Nickel Mines (ASX:NIC), a $100.3m placement for petroleum play FAR (ASX:FAR) and an $89.5m placement for Mesoblast (ASX:MSB).

As for Canaccord Genuity, its biggest deals included raisings for Resolute Mining (ASX:RSG), Kogan (ASX:KGN) and Elmo Software (ASX:ELO).

Other top performers included Ord Minnett with $251.7m, Morgans with $202.7m and Shaw & Partners with $161.8m.

Last week Euroz (ASX:EZL) announced it would be acquiring Hartleys. A combined entity would only climb one spot higher than Euroz is now because it would only add $28.6m to Hartleys book.

However, the combined collection of deals would be particularly noteworthy with each having a fair share of 2020’s ASX winners.

Euroz’s deals, both exclusive and shared, include Chalice Gold Mines (ASX:CHN), Legend Mining (ASX:LEG) and Wide Open Agriculture (ASX:WOA).

Meanwhile, Hartleys deals include Predictive Discovery (ASX:PDI), Golden State Mining (ASX:GSM) and Riversgold (ASX:RGL).

The Riversgold deal was significant because the people Hartleys successfully pitched to included prominent mining investor Tolga Kumova. As a consequence Riversgold shares have risen from 1.1c to 7.3c in just a few weeks.

At Stockhead we tell it like it is. While Golden State Mining is a Stockhead advertiser, it did not sponsor this article.