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Capital raisings recap: ASX companies raised $51 billion in 2020, the highest in five years
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2020 saw an unprecedented number of capital raisings, totalling over $50 billion – the highest since 2015.
The year began on a quiet note but when COVID-19 hit, companies rushed to the banks for funds to either stay afloat or pounce on new opportunities.
As of December 18, capital raised by ASX companies in 2020 totalled almost $51.2 billion across just over 1200 deals according to Bloomberg.
The biggest three deals were NAB (ASX:NAB) which raised $3 billion, Sydney Airport (ASX:SYD) which raised $2 billion and Qantas (ASX:QAN) which raised $1.9 billion.
The financial sector easily raised the most capital with nearly $15 billion while tech stocks raised $2.7 billion, health $3.4 billion and resources $7.7 billion.
With many companies raising capital at the market bottom, the average company is up 144 per cent since deal completion.
Looking specifically at the IPO market, ASX listees raised $5.17 billion in capital across approximately 70 companies, despite a market drought for a number of weeks when COVID-19 first broke out.
The largest was coal export terminal operator Dalrymple Bay (ASX:DBI) which raised $1.2 billion.
IPOs performed more modestly, having an average gain of 32 per cent.
The top performer was enterprise asset management software stock COSOL (ASX:COS) which is up nearly 300 per cent since listing.
Top performing brokers
While companies receiving funds were undoubtedly the biggest winners, they were not alone. 2020’s capital raising run on the ASX was also a windfall for the brokers.
Here’s a list of the most successful ASX focused brokers in 2020…
Swipe or scroll to reveal the full table. Click headings to sort.
| Manager | Rank | Vol (MM AUD) | Issues | Fees | Table Share (%) |
|---|---|---|---|---|---|
| UBS | 1 | 8,025.62 | 40 | 2.840 | 15.66% |
| Macquarie | 2 | 7,718.92 | 40 | 2.055 | 15.07% |
| Goldman Sachs | 3 | 7,353.19 | 33 | 2.504 | 14.35% |
| JP Morgan | 4 | 5,602.26 | 28 | 3.000 | 10.93% |
| Citi | 5 | 4,009.51 | 19 | 3.023 | 7.83% |
| Credit Suisse | 6 | 2,169.90 | 14 | 2.300 | 4.24% |
| Canaccord Genuity | 7 | 2,021.70 | 134 | 5.177 | 3.95% |
| Bell Potter Securities Ltd | 8 | 1,808.82 | 90 | 3.926 | 3.53% |
| Morgan Stanley | 9 | 1,763.79 | 11 | 2.160 | 3.44% |
| BofA Securities | 10 | 1,343.26 | 8 | 2.300 | 2.62% |
| RBC Capital Markets | 11 | 1,208.85 | 8 | 5.000 | 2.36% |
| Jarden Partners Ltd | 12 | 869.45 | 11 | 3.000 | 1.70% |
| Morgans | 13 | 845.24 | 48 | 3.960 | 1.65% |
| Ord Minnett Ltd | 14 | 535.37 | 17 | 2.861 | 1.04% |
| Moelis & Co | 15 | 529.09 | 15 | 3.127 | 1.03% |
| Euroz Securities | 16 | 499.99 | 35 | 3.837 | 0.98% |
| Shaw & Partners Ltd | 17 | 495.73 | 34 | 4.062 | 0.97% |
| Forsyth Barr Ltd | 18 | 457.98 | 12 | -- | 0.89% |
| Deutsche Bank | 19 | 340.06 | 9 | -- | 0.66% |
| Wilsons Corporate Finance Ltd | 20 | 285.40 | 12 | 2.735 | 0.56% |
| Argonaut Ltd | 21 | 268.52 | 24 | -- | 0.52% |
| MST Financial Services Pty Ltd | 22 | 190.36 | 12 | -- | 0.37% |
| Petra Capital Pty Ltd | 23 | 164.83 | 10 | -- | 0.32% |
| Hartleys Ltd | 24 | 164.50 | 30 | -- | 0.32% |
| PAC Partners Pty Ltd | 25 | 157.05 | 31 | 6.000 | 0.31% |
| Evans Dixon Ltd | 26 | 135.74 | 9 | -- | 0.26% |
| Evolution Capital Advisors Pty Ltd | 27 | 118.81 | 12 | -- | 0.23% |
| Blue Ocean Equities Pty Ltd | 28 | 105.40 | 16 | -- | 0.21% |
| Peloton Capital Pty Ltd | 29 | 99.88 | 17 | 6.000 | 0.19% |
| BMO Capital Markets | 30 | 88.03 | 1 | 4.000 | 0.17% |
| Scotiabank | 30 | 88.03 | 1 | 4.000 | 0.17% |
| Taylor Collison Ltd | 32 | 86.48 | 35 | -- | 0.17% |
| Joh Berenberg Gossler & Co KG | 33 | 85.49 | 1 | -- | 0.17% |
| SVB Leerink LLC | 34 | 81.57 | 1 | 7.000 | 0.16% |
| CPS Capital Group Pty Ltd | 35 | 66.63 | 27 | 6.000 | 0.13% |
| Gilbert + Tobin | 36 | 64.44 | 1 | -- | 0.13% |
| Veritas Securities Ltd | 37 | 60.04 | 11 | -- | 0.12% |
| Jarden Corp | 38 | 60.03 | 1 | 2.504 | 0.12% |
| Foster Stockbroking Pty Ltd | 39 | 56.90 | 15 | 5.000 | 0.11% |
| BW Equities Pty Ltd | 40 | 47.26 | 12 | 4.500 | 0.09% |
| Henslow Pty Ltd | 41 | 44.50 | 9 | -- | 0.09% |
| Bridge Street Capital Partners Pty Ltd | 42 | 43.20 | 11 | -- | 0.08% |
| Ashanti Capital Ltd | 43 | 39.16 | 8 | 3.127 | 0.08% |
| Aitken Murray Capital Partners Pty Ltd | 44 | 37.43 | 9 | -- | 0.07% |
| Fordham Financial Management Inc | 45 | 36.18 | 2 | 6.750 | 0.07% |
| Maxim Group LLC | 46 | 34.90 | 1 | 7.000 | 0.07% |
| CCZ Statton Equities | 47 | 32.12 | 3 | -- | 0.06% |
| Arlington Group Asset Management Ltd | 48 | 31.22 | 2 | -- | 0.06% |
| Tectonic Advisory Partners LLC | 49 | 29.38 | 2 | -- | 0.06% |
| Sequoia Financial Group Ltd | 50 | 29.01 | 7 | -- | 0.06% |
| Evercore Partners Inc | 51 | 26.88 | 1 | 6.750 | 0.05% |
| Alto Capital | 52 | 25.51 | 8 | 7.188 | 0.05% |
| Sprott Capital Partners | 53 | 24.57 | 3 | -- | 0.05% |
| Viriathus Capital Pty Ltd | 54 | 23.28 | 7 | -- | 0.05% |
| Barclay Pearce Corporate Pty Ltd | 55 | 20.87 | 7 | 6.000 | 0.04% |
| 180 Markets Ptd Ltd | 56 | 20.60 | 11 | -- | 0.04% |
| Peak Asset Management | 57 | 20.13 | 11 | -- | 0.04% |
| HC Wainwright & Co | 58 | 19.59 | 2 | 8.000 | 0.04% |
| Northington Capital Markets | 59 | 18.78 | 1 | -- | 0.04% |
| Gleneagle Securities Aust Pty Ltd | 60 | 18.34 | 5 | -- | 0.04% |
| Euroz Ltd | 61 | 17.75 | 4 | -- | 0.03% |
| Peel Hunt LLP | 62 | 17.34 | 2 | -- | 0.03% |
| Canary Capital Pty Ltd | 63 | 16.31 | 3 | -- | 0.03% |
| Discovery Capital Partners | 64 | 15.92 | 6 | 6.000 | 0.03% |
| Cantor Fitzgerald | 65 | 15.82 | 1 | -- | 0.03% |
| Cormark Securities Inc | 65 | 15.82 | 1 | -- | 0.03% |
| KG Capital Partners Pty Ltd | 67 | 15.52 | 3 | 6.000 | 0.03% |
| GTT Ventures Pty Ltd | 68 | 15.33 | 11 | -- | 0.03% |
| Curran & Co | 69 | 14.96 | 2 | -- | 0.03% |
| Baillieu Holst Ltd | 70 | 14.79 | 3 | -- | 0.03% |
| Sanlam Private Wealth Pty Ltd | 71 | 14.58 | 10 | -- | 0.03% |
| Everblu Capital Pty Ltd | 72 | 13.64 | 4 | -- | 0.03% |
| JP Equity Partners | 73 | 13.61 | 5 | 6.000 | 0.03% |
| Rawson Lewis Pty Ltd | 74 | 12.45 | 2 | -- | 0.02% |
| SP Angel Corporate Finance LLP | 75 | 11.56 | 6 | -- | 0.02% |
| Baker Young Ltd | 76 | 11.46 | 5 | -- | 0.02% |
| Xcel Capital Pty Ltd | 77 | 11.41 | 10 | -- | 0.02% |
| Clarksons Platou Securities | 78 | 11.20 | 1 | -- | 0.02% |
| SinoPac Financial Holdings | 79 | 10.94 | 4 | -- | 0.02% |
| CITIC Securities | 80 | 10.77 | 2 | -- | 0.02% |
| Chieftain Securities Pty Ltd | 81 | 10.72 | 5 | -- | 0.02% |
| Bizzell Capital Partners | 82 | 10.43 | 4 | -- | 0.02% |
| Cenkos Securities | 83 | 10.28 | 2 | -- | 0.02% |
| Loop Capital Markets LLC | 84 | 9.30 | 1 | 6.751 | 0.02% |
| SI Capital Ltd | 85 | 8.95 | 2 | -- | 0.02% |
| 708 Capital Pty Ltd | 86 | 8.91 | 1 | -- | 0.02% |
| Ironbridge Capital Pty Ltd | 87 | 8.67 | 1 | -- | 0.02% |
| Mahe Capital Pty Ltd | 88 | 8.56 | 8 | -- | 0.02% |
| Merchant Group Pty Ltd | 89 | 8.19 | 4 | -- | 0.02% |
| ARQ Capital Pty Ltd | 90 | 7.20 | 2 | 6.000 | 0.01% |
| Pamplona Capital Pty Ltd | 91 | 6.98 | 2 | 6.000 | 0.01% |
| Amicaa Advisors Pty Ltd | 92 | 6.70 | 3 | -- | 0.01% |
| Empire Capital Partners Pty Ltd | 93 | 6.35 | 2 | 6.000 | 0.01% |
| Cumulus Wealth Management | 94 | 6.04 | 4 | -- | 0.01% |
| Lodge Corporate Services Pty Ltd | 95 | 5.74 | 1 | 6.500 | 0.01% |
| Taurus Capital Group Pty Ltd | 96 | 5.50 | 1 | -- | 0.01% |
| SRG Partners | 97 | 5.42 | 1 | -- | 0.01% |
| Jett Capital Advisors LLC | 98 | 5.37 | 1 | -- | 0.01% |
| Harbury Advisors Pty Ltd | 99 | 5.00 | 1 | 5.800 | 0.01% |
| Nascent Capital Partners | 99 | 5.00 | 1 | -- | 0.01% |
| Sandton Capital Advisory Pty Ltd | 99 | 5.00 | 1 | -- | 0.01% |
| Delphi & Co | 102 | 4.95 | 1 | -- | 0.01% |
| Sparta Capital LLC | 102 | 4.95 | 1 | -- | 0.01% |
| Allenby Capital Ltd | 104 | 4.91 | 1 | -- | 0.01% |
| Sixty Two Capital Pty Ltd | 105 | 4.90 | 4 | -- | 0.01% |
| Viriathus Capital | 106 | 4.75 | 2 | -- | 0.01% |
| Primewest Group Ltd | 107 | 4.50 | 1 | -- | 0.01% |
| New Holland Capital Pty Ltd | 108 | 4.33 | 1 | -- | 0.01% |
| Prenzler Group Pty Ltd | 109 | 4.32 | 1 | -- | 0.01% |
| Westar Capital Ltd | 110 | 4.26 | 3 | -- | 0.01% |
| Lazarus Corp Finance Pty | 111 | 4.25 | 4 | -- | 0.01% |
| Hawkesbury Partners | 112 | 4.00 | 1 | -- | 0.01% |
| WG Partners | 112 | 4.00 | 1 | -- | 0.01% |
| Fresh Equities Pty Ltd | 114 | 3.92 | 4 | -- | 0.01% |
| Turner Pope Investments Ltd | 115 | 3.61 | 1 | -- | 0.01% |
| Amvest Capital Inc | 116 | 3.45 | 1 | -- | 0.01% |
| Wentworth Global Capital Partners Pty Ltd | 117 | 3.19 | 2 | -- | 0.01% |
| Pinnacle Corporate Finance Pty Ltd | 118 | 3.12 | 4 | -- | 0.01% |
| Interbolsa SA | 119 | 3.09 | 1 | -- | 0.01% |
| M2 Management Inc | 119 | 3.09 | 1 | -- | 0.01% |
| Dundee Corp | 121 | 2.81 | 1 | -- | 0.01% |
| Jett Capital Advisers LLC | 121 | 2.81 | 1 | -- | 0.01% |
| Acova Capital | 123 | 2.70 | 1 | -- | 0.01% |
| LHC Mine Finance Ltd | 123 | 2.70 | 1 | -- | 0.01% |
| Municipal Advisor Solutions LLC | 125 | 2.57 | 1 | -- | 0.01% |
| Territory Funds Management Pty Ltd | 126 | 2.50 | 1 | -- | 0.00% |
| Peregrine Corporate Ltd | 127 | 2.48 | 2 | -- | 0.00% |
| Viaticus Capital LLC | 128 | 2.40 | 1 | -- | 0.00% |
| Panmure Gordon | 129 | 2.35 | 1 | -- | 0.00% |
| Melbourne Capital Ltd | 130 | 2.25 | 2 | -- | 0.00% |
| Odeon Capital Group LLC | 130 | 2.25 | 1 | -- | 0.00% |
| Oracle Capital Pty Ltd | 130 | 2.25 | 1 | -- | 0.00% |
| RM Capital Pty Ltd | 133 | 2.14 | 3 | -- | 0.00% |
| Townshend Capital Pty Ltd | 134 | 2.07 | 1 | 4.000 | 0.00% |
| Aesir Capital Pty Ltd | 135 | 2.00 | 1 | -- | 0.00% |
| Clarus Securities | 135 | 2.00 | 1 | -- | 0.00% |
| Grange Capital LLC | 135 | 2.00 | 1 | 6.000 | 0.00% |
| LeMessurier Securities Pty Ltd | 138 | 1.93 | 1 | -- | 0.00% |
| Aetas Global Markets Ltd | 139 | 1.88 | 1 | -- | 0.00% |
| ANZ Banking Group | 140 | 1.85 | 1 | -- | 0.00% |
| JB Advisory Pty Ltd | 141 | 1.68 | 1 | -- | 0.00% |
| Originate Capital | 142 | 1.65 | 1 | -- | 0.00% |
| Panthea Capital Partners | 143 | 1.64 | 2 | -- | 0.00% |
| AustAgri Group Ltd | 144 | 1.60 | 1 | -- | 0.00% |
| 61 Financial Information Technology Pty Ltd | 145 | 1.46 | 2 | -- | 0.00% |
| McMillan LLP | 146 | 1.42 | 1 | -- | 0.00% |
| DELCOR Advisory Group | 147 | 1.36 | 1 | -- | 0.00% |
| Mac Equity Partners Pty Ltd | 148 | 1.30 | 1 | -- | 0.00% |
| Vert Capital Pty Ltd | 149 | 1.27 | 1 | -- | 0.00% |
| Beer & Co Pty Ltd | 150 | 1.25 | 1 | -- | 0.00% |
| Cove Capital Pty Ltd | 151 | 1.19 | 1 | -- | 0.00% |
| Diamond Capital Partners Pty Ltd | 152 | 1.15 | 1 | -- | 0.00% |
| CM Partners Ltd | 153 | 1.04 | 1 | -- | 0.00% |
| Viridian Capital Pty Ltd | 154 | 1.02 | 2 | -- | 0.00% |
| Pinnacle Equities | 155 | 1.01 | 2 | -- | 0.00% |
| Novus Capital Ltd | 156 | 1.00 | 1 | -- | 0.00% |
| Shard Capital Partners LLP | 157 | 0.66 | 1 | -- | 0.00% |
| Barclay Wells Ltd | 158 | 0.59 | 1 | -- | 0.00% |
| Cie Financiere Tradition SA | 159 | 0.47 | 1 | -- | 0.00% |
| Cadmon Advisory Pty Ltd | 160 | 0.38 | 1 | -- | 0.00% |
| Adelaide Equity Partners Ltd | 161 | 0.25 | 1 | -- | 0.00% |
| Alfred Henry Corporate Finance Ltd | 161 | 0.25 | 1 | -- | 0.00% |
| Alpha Securities Ltd | 163 | 0.24 | 1 | -- | 0.00% |
| Grandbridge Securities Pty Ltd | 164 | 0.22 | 1 | -- | 0.00% |
| Martin Place Securities Pty Ltd | 165 | 0.20 | 1 | -- | 0.00% |
The banks servicing the large cap sector – UBS, Macquarie and Goldman Sachs – all came out at the top of the list.
But looking at brokers focused on the small and mid cap sectors, Canaccord and Bell Potter (which is ASX listed as Bell Financial (ASX:BFG)) did well, raising $2 billion and $1.8 billion respectively.
Rounding out the well known brokers, Morgans raised $845 million, Ord Minnett raised $535.4 million and Taylor Collison raised $86 million.
The ASX’s only other listed broker Euroz (ASX:EZL) raised just under $500 million.
Read MoreInitial Public Offering - IPO
