Capital Raisings Recap: Another 103 deals and $2.68bn+ raised on the ASX in November

November 2020 saw over $2.6 billion in capital raisings completed on the ASX
The ASX’s 2020 capital raising boom continued in November with investors chipping in another $2.68 billion.
According to Bloomberg this takes the ASX’s 2020 total to over $47 billion.
November saw a significant upshift in market momentum following the US Presidential election, despite COVID-19 hitting Europe and North America even harder.
The most dominant sector was financials with $1.2 billion raised. Resources came second with $432 million followed by technology with just over $300 million.
Additionally, the average deal is up 12 per cent post-completion.
Here’s a list of all ASX capital raisings completed in November
Effective Date | Issuer Ticker | Issuer Name | Offer Size (M) | Offer Type | Offer Price | Last Close | Offer To Date | Industry Sector |
---|---|---|---|---|---|---|---|---|
11/26/2020 | IAG | Insurance Australia Group Ltd | 650 | Placement | 5.05 | 5.15 | 5 | Financial |
11/23/2020 | HDN | HomeCo Daily Needs REIT | 300.163 | IPO | 1.33 | 1.31 | 1 | Financial |
11/16/2020 | UNI | Universal Store Holdings Ltd | 147.773 | IPO | 3.8 | 4.5 | 16 | Consumer |
11/23/2020 | CIP | Centuria Industrial REIT | 125 | Placement | 3.06 | 3.11 | 3 | Financial |
11/03/2020 | DEG | De Grey Mining Ltd | 100.1 | Placement | 1.2 | 1.08 | -13 | Resources |
11/12/2020 | HPG | Hipages Group Holdings Ltd | 100.45 | IPO | 2.45 | 2.28 | -2 | Communications |
11/13/2020 | AMI | Aurelia Metals Ltd | 89.4793 | RIGHTS | 0.43 | 0.415 | -1 | Resources |
11/19/2020 | HMY | Harmoney Corp Ltd | 92.5001 | IPO | 3.5 | 3.1 | -11 | Financial |
11/02/2020 | DSK | Dusk Group Ltd | 70 | IPO | 2 | 1.71 | -13 | Consumer |
11/11/2020 | MRM | MMA Offshore Ltd | 58.4673 | RIGHTS | 0.03 | 0.034 | 17 | Consumer |
11/25/2020 | GUD | GUD Holdings Ltd | 55.0001 | Placement | 11.25 | 11.23 | 3 | Consumer |
11/04/2020 | DUR | Duratec Ltd | 52.925 | IPO | 0.5 | 0.57 | 22 | Industrial |
11/05/2020 | HUB | HUB24 Ltd | 50 | Placement | 20 | 21.52 | 4 | Technology |
11/25/2020 | AMI | Aurelia Metals Ltd | 40.7938 | Placement | 0.43 | 0.415 | -1 | Resources |
11/25/2020 | HPI | Hotel Property Investments | 40 | Placement | 3.04 | 3.17 | 5 | Financial |
11/04/2020 | CNI | Centuria Capital Group | 39.9456 | Placement | 2.25 | 2.55 | 13 | Financial |
11/02/2020 | MDR | MedAdvisor Ltd | 37.6879 | Rights | 0.38 | 0.375 | 3 | Technology |
11/02/2020 | MCP | McPherson's Ltd | 36.5257 | Placement | 2.27 | 1.825 | -16 | Industrial |
11/24/2020 | ATH | Alterity Therapeutics ltd | 35 | Placement | 0.037 | 0.032 | -14 | Health |
11/25/2020 | IMM | Immutep Ltd | 29.572 | Placement | 0.24 | 0.27 | 10 | Health |
11/05/2020 | IMR | Imricor Medical Systems Inc | 28.45 | Placement | 2.35 | 2.45 | 6 | Health |
11/12/2020 | RDY | ReadyTech Holdings Ltd | 25.0001 | Placement | 1.88 | 2.03 | 9 | Technology |
11/18/2020 | MDR | MedAdvisor Ltd | 23.4777 | Placement | 0.38 | 0.375 | -1 | Technology |
11/26/2020 | WAK | WA Kaolin Ltd | 22 | IPO | 0.2 | 0.22 | 12 | Resources |
11/19/2020 | MRM | MMA Offshore Ltd | 21.5598 | Placement | 0.03 | 0.034 | 17 | Consumer, Non-cyclical |
11/03/2020 | FZO | Family Zone Cyber Safety Ltd | 20 | Placement | 0.44 | 0.4 | -9 | Technology |
11/19/2020 | GLL | Galilee Energy Ltd | 15 | Placement | 0.63 | 0.625 | -5 | Energy |
11/13/2020 | TEK | Thorney Technologies Ltd | 13 | Placement | 0.35 | 0.35 | -1 | Financial |
11/26/2020 | E2M | E2 Metals Ltd | 13 | Placement | 0.73 | 0.65 | 0 | Resources |
11/18/2020 | BUD | Buddy Technologies Ltd | 12.824 | Placement | 0.048 | 0.053 | 6 | Technology |
11/02/2020 | TRY | Troy Resources Ltd | 12 | Placement | 0.12 | 0.085 | -27 | Resources |
11/03/2020 | SAU | Southern Gold Ltd | 10.2 | Placement | 0.12 | 0.105 | -12 | Resources |
11/06/2020 | LTR | Liontown Resources Ltd | 10.3325 | Placement | 0.23 | 0.28 | 17 | Resources |
11/20/2020 | NXS | Next Science Ltd | 10 | Placement | 1.2 | 1.235 | 1 | Health |
11/09/2020 | EX1 | Exopharm Ltd | 10 | Placement | 0.24 | 0.36 | 50 | Health |
11/13/2020 | LOM | Lucapa Diamond Co Ltd | 8.6355 | Placement | 0.055 | 0.052 | -2 | Resources |
11/18/2020 | AR9 | Archtis Ltd | 8.4 | Placement | 0.33 | 0.39 | 18 | Technology |
11/20/2020 | EXL | Elixinol Global Ltd | 8.1956 | Placement | 0.17 | 0.19 | 12 | Health |
11/25/2020 | CPN | Caspin Resources Ltd | 8 | IPO | 0.2 | 0.585 | 148 | Resources |
11/10/2020 | DEX | Duke Exploration Ltd | 8 | IPO | 0.25 | 0.365 | 46 | Resources |
11/06/2020 | HYD | Hydrix Ltd | 8 | Placement | 0.28 | 0.2875 | 0 | Industrial |
11/17/2020 | KSS | Kleos Space SA | 7.6218 | Placement | 0.72 | 0.6 | -14 | Technology |
11/20/2020 | AHQ | Allegiance Coal Ltd | 7.54 | Placement | 0.05 | 0.055 | 8 | Energy |
11/13/2020 | MCL | Mighty Craft Ltd | 7.513 | Placement | 0.35 | 0.4 | 16 | Consumer, Non-cyclical |
11/03/2020 | SMI | Santana Minerals Ltd | 7.5 | Placement | 0.2 | 0.18 | -3 | Resources |
11/17/2020 | ANP | Antisense Therapeutics Ltd | 7.3 | Placement | 0.1 | 0.105 | -1 | Health |
11/13/2020 | IOU | IOUpay Ltd | 7.0446 | Placement | 0.166 | 0.17 | 2 | Communications |
11/11/2020 | APC | Australian Potash Ltd | 7 | Placement | 0.111 | 0.135 | 22 | Resources |
11/03/2020 | UBN | Urbanise.com Ltd | 6.8 | Placement | 0.078 | 0.078 | 1 | Communications |
11/24/2020 | NXM | Nexus Minerals Ltd | 6.6 | Placement | 0.15 | 0.13 | -10 | Resources |
11/04/2020 | PF1 | Pathfinder Resources Ltd | 6 | IPO | 0.2 | 0.19 | -3 | Resources |
11/30/2020 | AQI | Alicanto Minerals Ltd | 6 | Placement | 0.13 | 0.13 | Resources | |
11/02/2020 | DGR | DGR Global Ltd | 6 | Placement | 0.08 | 0.077 | -4 | Resources |
11/02/2020 | PIQ | Proteomics International Labor | 6 | Placement | 0.48 | 0.52 | 8 | Health |
11/19/2020 | TMZ | Thomson Resources Ltd | 5.8934 | Placement | 0.062 | 0.078 | 34 | Resources |
11/04/2020 | OLL | OpenLearning Ltd | 5.9395 | Placement | 0.28 | 0.27 | 2 | Technology |
11/16/2020 | NMR | Native Mineral Resources Holdi | 5.7427 | IPO | 0.2 | 0.24 | 22 | Resources |
11/09/2020 | MVL | Marvel Gold Ltd | 5.7 | Placement | 0.06 | 0.056 | -5 | Resources |
11/23/2020 | BAT | Battery Minerals Ltd | 5.5 | Placement | 0.022 | 0.021 | 0 | Resources |
11/09/2020 | ICT | iCollege Ltd | 5.5 | Placement | 0.1 | 0.13 | 30 | Consumer, Non-cyclical |
11/10/2020 | DC2 | DC Two Ltd | 5.5 | IPO | 0.2 | 0.325 | 65 | Communications |
11/19/2020 | MHK | Metal Hawk Ltd | 5.5 | IPO | 0.2 | 0.23 | 10 | Resources |
11/09/2020 | PG1 | Pearl Global Ltd | 5 | Placement | 0.09 | 0.097 | 11 | Resources |
11/26/2020 | MRL | Mayur Resources Ltd | 4.0634 | Placement | 0.35 | 0.385 | 11 | Resources |
11/19/2020 | CM8 | Crowd Media Holdings Ltd | 4 | Placement | 0.05 | 0.047 | -4 | Technology |
11/12/2020 | SPN | Sparc Technologies Ltd | 4 | Placement | 0.2 | 0.43 | 123 | Energy |
11/26/2020 | SW1 | Swift Media Ltd | 3.817 | Placement | 0.0375 | 0.037 | -4 | Communications |
11/06/2020 | HWK | Hawkstone Mining Ltd | 3.5 | Placement | 0.012 | 0.01 | -17 | Energy |
11/02/2020 | REZ | Resources & Energy Group Ltd | 3.3 | Placement | 0.075 | 0.053 | -28 | Resources |
11/27/2020 | GSN | Great Southern Mining Ltd | 3.12 | Placement | 0.08 | 0.073 | -10 | Financial |
11/16/2020 | WCG | Webcentral Grp Ltd | 3.1143 | Placement | 0.17 | 0.3 | 103 | Communications |
11/27/2020 | TFL | TasFoods Ltd | 3 | Placement | 0.1 | 0.11 | 10 | Consumer, Non-cyclical |
11/16/2020 | CG1 | Carbonxt Group Ltd | 3 | Placement | 0.16 | 0.19 | 16 | Industrial |
11/13/2020 | IOU | IOUpay Ltd | 3 | Placement | 0.147 | 0.17 | 16 | Communications |
11/23/2020 | REE | Rarex Ltd | 2.91 | Placement | 0.1 | 0.13 | 30 | Resources |
11/09/2020 | BCB | Bowen Coking Coal Ltd | 3 | Placement | 0.05 | 0.05 | -2 | Energy |
11/06/2020 | UUL | Ultima United Ltd | 2.9326 | Placement | 0.4 | 0.535 | 34 | Financial |
11/27/2020 | CRO | Cirralto Ltd | 2.8062 | Placement | 0.03 | 0.03 | 0 | Technology |
11/27/2020 | CVV | Caravel Minerals Ltd | 2.78 | Placement | 0.08 | 0.086 | 4 | Resources |
11/23/2020 | HAV | Havilah Resources Ltd | 2.55 | Placement | 0.17 | 0.165 | 0 | Resources |
11/30/2020 | TSC | Twenty Seven Co Ltd | 2.6 | Placement | 0.006 | 0.006 | 0 | Resources |
11/16/2020 | PAB | Patrys Ltd | 2.5 | Placement | 0.02 | 0.02 | 0 | Health |
11/16/2020 | GRL | Godolphin Resources Ltd | 2.4888 | Placement | 0.24 | 0.245 | 2 | Resources |
11/02/2020 | ANL | Amani Gold Ltd | 2.5525 | Placement | 0.001 | 0.0015 | 50 | Resources |
11/24/2020 | RPM | RPM Automotive Group Ltd/AU | 2.4077 | Placement | 0.19 | 0.195 | 5 | Consumer, Cyclical |
11/16/2020 | NSB | NeuroScientific Biopharmaceuti | 2.4 | Placement | 0.28 | 0.315 | 11 | Health |
11/02/2020 | SLZ | Sultan Resources Ltd | 2.4 | Placement | 0.22 | 0.24 | 11 | Resources |
11/18/2020 | BUG | Buderim Group Ltd | 2.1936 | Placement | 0.17 | 0.165 | -3 | Consumer, Non-cyclical |
11/23/2020 | SMX | Security Matters Ltd | 2.1011 | Placement | 0.38 | 0.39 | 3 | Technology |
11/23/2020 | ESS | Essential Metals Ltd | 2.0488 | Placement | 0.085 | 0.087 | 1 | Resources |
11/06/2020 | ANX | Anax Metals Ltd | 2 | Placement | 0.03 | 0.067 | 127 | Resources |
11/18/2020 | FRX | Flexiroam Ltd | 2 | Placement | 0.023 | 0.026 | 13 | Communications |
11/18/2020 | SCT | Scout Security Ltd | 1.8527 | Placement | 0.135 | 0.13 | 0 | Industrial |
11/17/2020 | IPC | Imperial Pacific Ltd | 1.8523 | Placement | 1 | 1.05 | 5 | Financial |
11/24/2020 | ONE | Oneview Healthcare PLC | 1.7443 | Placement | 0.04 | 0.051 | 25 | Technology |
11/06/2020 | CXU | Cauldron Energy Ltd | 1.6 | Placement | 0.031 | 0.031 | 6 | Resources |
11/06/2020 | MNB | Minbos Resources Ltd | 1.272 | Placement | 0.0015 | 0.037 | 20 | Resources |
11/04/2020 | PEL | Pelican Resources Ltd | 1.27685 | Rights | 0.02 | 0.02 | 0 | Resources |
11/27/2020 | KPO | Kalina Power Ltd | 1.1899 | Placement | 0.025 | 0.034 | 44 | Utilities |
11/25/2020 | CDT | Castle Minerals Ltd | 1 | Placement | 0.01 | 0.011 | 10 | Resources |
11/26/2020 | TEM | Tempest Minerals Ltd | 0.7448 | Placement | 0.033 | 0.033 | 0 | Resources |
11/24/2020 | PEL | Pelican Resources Ltd | 0.75 | Placement | 0.02 | 0.02 | 0 | Resources |
11/04/2020 | POW | Protean Energy Ltd | 0.24 | Placement | 0.006 | 0.01 | 117 | Resources |
Most notable deals
$742 million of November’s ASX capital raisings came from IPOs, a higher proportion than in previous months.
Three IPOs raised above $100 million including HiPages (ASX:HPG), Universal Store (ASX:UNI) and Home Consortium’s Daily Needs REIT (ASX:HDN).
The latter was the second biggest deal, raising $300 million despite unprecedented uncertainty in the REIT sector.
The largest was a placement by Insurance Australia (ASX:IAG) which asked and received $650 million for its coffers.
2020’s biggest success story in the gold sector, De Grey (ASX:DEG), raised another $100 million early in November as it continued exploration at its Hemi prospect.
The health sector had its fair share too, with medtech stock Hydrix (ASX:HYD) and cannabis play Elixinol (ASX:EXL) both capitalising on early success and sector hype respectively.
Deals still to come
While there is only one month to go in 2020 there appears to be a pre-Christmas rush for companies seeking to raise capital.
This is manifest in the companies completing deals right now including Bega Cheese (ASX:BGA) and Galaxy Resources (ASX:GXY) which are raising $220 million and $50 million in rights issues respectively.
But additionally, there is nearly $1 billion worth of IPOs in the pipeline scheduled to list before Christmas – a run set to begin later this week.
Code | Company | Price | Capital Raised | Listing Date | Sector |
---|---|---|---|---|---|
CHA | Chaucer Energy | 0.2 | $5.5M | 1-Dec | Energy |
HXL | Hexima | 0.2 | $3.0M | 1-Dec | Health |
PRS | Prospech | 0.2 | $5.0M | 1-Dec | Resources |
CRW | Cashrewards | 1.73 | $65m | 2-Dec | Consumer - cashback rewards |
BKG | Booktopia | 2.3 | $43.1M | 3-Dec | ecommerce |
E33 | East 33 | 0.2 | $32.0M | 3-Dec | Consumer - seafood |
BPM | BPM Minerals | 0.2 | $4.5M | 3-Dec | Resources |
DOC | Doctor Care Anywhere | 0.8 | $102m | 4-Dec | Health |
MGH | Maas Group Holdings | 2 | $145.6M | 4-Dec | Industrial |
NXL | Nuix | 5.31 | $275.6M | 4-Dec | Tech |
CBL | Control Bionics | 0.6 | $15m | 7-Dec | Tech |
LV1 | Live Verdure | 0.2 | $5.0M | 8-Dec | Consumer - food |
YFZ | Youfoodz | 1.5 | $70.0M | 8-Dec | Consumer - food |
LV1 | Live Verdure | 0.2 | $5m | 8-Dec | Consumer |
CLU | Cluey | 1.2 | $30m | 9-Dec | Consumer - edtech |
DM1 | Desert Metals | 0.2 | $5m | 9-Dec | Resources |
RCR | Rincon Resources | 20 | $6m | 10-Dec | Resources |
TSI | Top Shelf | 2.21 | $35m | 10-Dec | Consumer - beverages |
AKO | Akora Resources | 0.25 | $5m | 11-Dec | Resources - Iron Ore |
ERW | Errawarra Resources | 0.2 | $6m | 11-Dec | Resources |
SOV | Sovereign Cloud Holdings | 0.75 | $20.0M | 14-Dec | Tech |
WSR | Westar Resources | 0.2 | $5.0M | 14-Dec | Resources |
GNP | GenusPlus | 0.96 | $32.8M | 14-Dec | Telco |
BNZ | Benz Mining Corp | 0.5 | $2m | 15-Dec | Resources |
KFM | Kingfisher Mining | 0.2 | $6m | 17-Dec | Resources |
PYR | Payright | 1.2 | $20m | 23-Dec | Tech |
MM8 | Medallion Metals | 0.4 | $20m | 24-Dec | Resources |
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