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.