Pic: Rommel Gonzalez / EyeEm / EyeEm via Getty Images
ASX rainmakers more than double their raisings in 2020 to $27bn
News
share
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 $12.98bn raised by this time last year.
The pandemic forced the hands of hundreds of ASX stocks to raise cash. Some acted at early stages of the pandemic either seeing revenue drying up or eyeing new opportunities.
Other companies have taken their time before turning to investors for cash.
Qantas (ASX:QAN), for example, today announced a capital raise but prior to that sought liquidity from debt funding.
The increased number of capital raisings has been helped by ASIC’s temporary easing of regulations.
The top rainmakers
| Manager | Rank | Vol ($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.
