The capital raising wave shows no sign of crashing with August’s total coming in at $4.7bn.

Once again resources companies raised more than any other sector — $163m of the $296m raised by companies with market capitalisations below $100m.

For companies with market caps above that, resources stocks raised over $1bn. However this was usurped by August’s largest deal, a $2bn raise by Sydney Airport (ASX:SYD).

August’s deals are also holding up strong, with the average company up 36 per cent since their respective capital raisings were completed.

 

Small cap deals

The most noteworthy deal was a $5m raise by medtech stock G Medical (ASX:GMV).

This is because after months of speculation, the company eventually announced it wanted to list on the NASDAQ — a move which would see it quit the Australian bourse.

A number of deals were done by companies that had been big winners from COVID. Two examples are ecommerce plays Harris Technology Group (ASX:HT8) and Digital Wine Ventures (ASX:DW8).

Both stocks have become multi-baggers due to an e-commerce boom sparked by COVID-19 lockdowns, but both companies tapped investors for cash — $3.5m and $5m respectively.

In resources, investors are still looking for gold multi-baggers and several explorers with promising early results were able to raise capital.

This included Firefly Resources (ASX:FFR), Xanadu Mines (ASX:XAM) and Sihayo Gold (ASX:SIH).

Two companies with market capitalisations below $100m at the time of their offer — Dynamic Drill & Blasting (ASX:DDB) and health food company Forbidden Foods (ASX:FFF) — made their ASX debuts in August

Here’s a list of all ASX small and micro cap raisings completed in August (by date of securities listing on the ASX):

Swipe or scroll to reveal the full table. Click headings to sort.

Effective Date Code Issuer Name Offer Size (M) Offer Type Offer Price Last Close Offer To Date Market Cap at Offer (M) Sector
08/24/2020 RMY RMA Global Ltd 7.45 Placement 0.22 0.255 16 99.4 Tech
08/06/2020 DW8 Digital Wine Ventures Ltd 5.00 Placement 0.025 0.037 48 34.1 Consumer
08/24/2020 WNR Wingara Ag Ltd 5.04 Placement 0.19 0.2 5 25.2 Consumer
08/17/2020 HT8 Harris Technology Group Ltd 3.51 Placement 0.08 0.16 100 19.0 Consumer
08/31/2020 FFF Forbidden Foods Ltd 6.00 IPO 0.2 0.365 83 15.0 Consumer
08/28/2020 BEE Broo Ltd 1.26 Placement 0.018 0.02 11 14.0 Consumer
08/27/2020 RLG Roolife Group Ltd 0.77 Placement 0.03 0.031 3 11.0 Consumer
08/25/2020 TFL TasFoods Ltd 3.48 Rights 0.085 0.089 5 29.0 Consumer
08/05/2020 NUC Nuchev Ltd 3.24 Placement 2.33 2.07 -11 105.0 Consumer
08/25/2020 AJQ Armour Energy Ltd 3.36 Placement 0.023 0.019 -17 19.1 Energy
08/12/2020 LPE Locality Planning Energy Holdi 3.00 Placement 0.25 0.25 0 15.6 Energy
08/12/2020 SERDA Strategic Energy Resources Ltd 1.30 Placement 0.0034 0.071 109 5.4 Energy
08/10/2020 PRM Prominence Energy Ltd 0.15 Placement 0.005 0.009 80 1.2 Energy
08/05/2020 BRK Brookside Energy Ltd 1.26 RIGHTS 0.005 0.004 -20 0.0 Energy
08/24/2020 AVC Auctus Investment Group Ltd 4.00 Placement 0.4 0.45 12 22.9 Financial
08/28/2020 OSX Osteopore Ltd 8.50 Placement 0.53 0.59 11 62.2 Health
08/11/2020 ZLD Zelira Therapeutics Ltd 8.75 Placement 0.05 0.061 22 57.1 Health
08/13/2020 GMV G Medical Innovations Holdings 5.00 Placement 0.05 0.041 -18 41.9 Health
08/04/2020 IBX Imagion Biosystems Ltd 5.00 Placement 0.045 0.091 102 39.3 Health
08/31/2020 MKG Mako Gold Ltd 4.83 Placement 0.115 0.12 4 24.2 Health
08/18/2020 1AD Adalta Ltd 4.00 Placement 0.1 0.105 5 20.4 Health
08/20/2020 OBJ OBJ Ltd 1.56 Placement 0.1 0.18 80 14.6 Health
08/10/2020 SUD Suda Pharmaceuticals Ltd 0.53 Placement 0.025 0.049 96 7.6 Health
08/12/2020 2BE Tubi Pty Ltd 2.45 Placement 0.09 0.092 2 27.4 Industrial
08/06/2020 DDB Dynamic Drill & Blast Holdings 5.00 IPO 0.2 0.365 83 11.0 Industrial
08/27/2020 ROO Roots Sustainable Agricultural 2.51 Placement 0.016 0.048 200 5.2 Industrial
08/28/2020 SIH Sihayo Gold Ltd 14 Placement 0.025 0.024 -4 71.6 Resources
08/21/2020 HRZ Horizon Minerals Ltd 8.05 Placement 0.14 0.135 -4 71.5 Resources
08/05/2020 BRB Breaker Resources NL 6.97 Placement 0.24 0.235 -2 62.5 Resources
08/19/2020 ORN Orion Minerals Ltd 5.88 Placement 0.017 0.033 94 55.2 Resources
08/03/2020 PEX Peel Mining Ltd 11 Placement 0.175 0.24 41 53.1 Resources
08/28/2020 FEX Fenix Resources Ltd 10 Placement 0.145 0.15 3 51.8 Resources
08/27/2020 AQX Alice Queen Ltd 7.00 Placement 0.044 0.043 -2 48.0 Resources
08/19/2020 ARD Argent Minerals Ltd 2.20 Placement 0.055 0.06 9 43.4 Resources
08/18/2020 XAM Xanadu Mines Ltd 5.57 Placement 0.045 0.045 0 42.7 Resources
08/12/2020 AUC Ausgold Ltd 6.35 Placement 0.0327 0.038 16 42.5 Resources
08/19/2020 LIT Lithium Australia NL 4.00 Placement 0.053 0.054 2 36.5 Resources
08/07/2020 IVR Investigator Resources Ltd 5.50 Placement 0.03 0.057 90 30.9 Resources
08/27/2020 GML Gateway Mining Ltd 6.70 Placement 0.016 0.026 62 30.4 Resources
08/12/2020 NWC New World Resources Ltd 3.50 Placement 0.027 0.045 67 30.1 Resources
08/07/2020 VMS Venture Minerals Ltd 4.00 Placement 0.031 0.034 10 29.1 Resources
08/20/2020 WWI West Wits Mining Ltd 3.40 Placement 0.021 0.02 -5 24.9 Resources
08/06/2020 EHX EHR Resources Ltd 10 Placement 0.096 0.095 -1 24.8 Resources
08/28/2020 TMR Tempus Resources Ltd 2.50 Placement 0.31 0.355 15 24.5 Resources
08/13/2020 GTE Great Western Exploration Ltd 2.52 Placement 0.18 0.23 28 20.9 Resources
08/05/2020 A1M AIC Mines Ltd 3.01 Placement 0.28 0.38 36 19.2 Resources
08/07/2020 SUP Superior Lake Resources Ltd 2.00 Placement 0.12 0.16 33 19.2 Resources
08/10/2020 COB Cobalt Blue Holdings Ltd 3.75 Placement 0.095 0.097 2 19.0 Resources
08/19/2020 JDR Jadar Resources Ltd 1.00 Placement 0.03 0.036 20 18.3 Resources
08/14/2020 ELT Elementos Ltd 2.33 Placement 0.0055 0.006 9 16.3 Resources
08/13/2020 AQI Alicanto Minerals Ltd 1.43 Placement 0.055 0.17 209 15.4 Resources
08/20/2020 FYI FYI Resources Ltd 1.30 Placement 0.06 0.087 45 14.6 Resources
08/07/2020 ERL Empire Resources Ltd 1.31 Placement 0.012 0.014 17 10.9 Resources
08/18/2020 GMR Golden Rim Resources Ltd 2.70 Placement 0.0061 0.014 130 10.7 Resources
08/07/2020 SUV Suvo Strategic Minerals Ltd 5.00 Placement 0.02 0.073 265 10.5 Resources
08/24/2020 BDG Black Dragon Gold Corp 1.50 Placement 0.07 0.125 79 9.3 Resources
08/19/2020 ALY Alchemy Resources Ltd 1.00 Placement 0.015 0.018 20 9.3 Resources
08/24/2020 TRT Todd River Resources Ltd 1.82 Placement 0.03 0.038 27 9.2 Resources
08/04/2020 SCI Silver City Minerals Ltd 1.50 Placement 0.015 0.02 33 7.3 Resources
08/10/2020 RDS Redstone Resources Ltd 0.59 Placement 0.014 0.024 71 7.3 Resources
08/28/2020 TKM Trek Metals Ltd 1.00 Placement 0.035 0.048 37 7.1 Resources
08/20/2020 GBR Great Boulder Resources Ltd 1.33 Placement 0.043 0.048 12 7.1 Resources
08/27/2020 MLS Metals Australia Ltd 0.82 Placement 0.0019 0.002 5 6.9 Resources
08/04/2020 FFR Firefly Resources Ltd 1.30 Placement 0.03 0.105 250 6.7 Resources
08/03/2020 DAU Dampier Gold Ltd 1.00 Placement 0.022 0.034 55 6.3 Resources
08/21/2020 CNJ Conico Ltd 0.81 Placement 0.014 0.016 14 6.2 Resources
08/25/2020 AEV Avenira Ltd 0.56 Placement 0.008 0.017 112 5.2 Resources
08/26/2020 ARO Astro Resources NL 0.67 Placement 0.0035 0.004 14 5.1 Resources
08/14/2020 SHH Shree Minerals Ltd 0.90 Placement 0.006 0.01 67 4.9 Resources
08/07/2020 AAJ Aruma Resources Ltd 0.90 Placement 0.004 0.007 75 4.6 Resources
08/07/2020 ESR Estrella Resources Ltd 0.53 Placement 0.007 0.018 157 4.3 Resources
08/04/2020 LI3 Lithium Consolidated Ltd 0.18 Placement 0.016 0.026 62 3.7 Resources
08/14/2020 MAR Malachite Resources Ltd 0.63 Placement 0.03 0.037 23 3.1 Resources
08/18/2020 GED Golden Deeps Ltd 2.35 Placement 0.0125 0.015 20 8.6 Resources
08/04/2020 RLC Reedy Lagoon Corp Ltd 1.00 RIGHTS 0.01 0.013 30 5.6 Resources
08/14/2020 XTE XTEK Ltd 9.17 Placement 0.69 0.685 -1 45.9 Tech
08/14/2020 RCW RightCrowd Ltd 4.00 Placement 0.18 0.245 36 39.9 Tech
08/13/2020 DRO DroneShield Ltd 7.50 Placement 0.125 0.145 16 39.1 Tech
08/06/2020 PG1 Pearl Global Ltd 5.00 Placement 0.07 0.065 -7 20.9 Tech
08/18/2020 CRO Cirralto Ltd 2.63 Placement 0.01 0.043 330 15.0 Tech
08/24/2020 CPV Clearvue Technologies Ltd 2.56 Placement 0.095 0.145 53 13.1 Tech
08/14/2020 EN1 engage:BDR Ltd 2.15 Placement 0.0073 0.007 -4 11.4 Tech
08/03/2020 APV Appsvillage Australia Ltd 2.15 Placement 0.112 0.11 -2 10.7 Tech
08/27/2020 XTD XTD Ltd 0.74 Placement 0.039 0.047 21 6.1 Tech

Resources dominates larger caps

Among stocks with market caps between $100m and $500m, resources companies again accounted for a significant proportion of the capital raises done in August.

Gold, particularly companies with operations in Western Australia, was again dominant, with companies like Pantoro (ASX:PNR) and Mincor Resources (ASX:MCR) topping up the coffers.

The ASX’s other two IPOs in August, DUG Technology (ASX:DUG) and 4D Medical (ASX:4DX), also accounted for a significant sum, having raised $35m and $56m respectively.

Already listed tech stocks raised their fair share of cash too.

Deals in the tech sector ranged from electric scooter manufacturer Vmoto (ASX:VMT) to buy now, pay later stock Splitit (ASX:SPT), which raised $9.6m and $45m respectively.

Notable deals done by large cap stocks include a $400m+ raising by rare earths producer Lynas Corp (ASX:LYC) and a $158m raising by the ASX’s biggest online retailer, Kogan (ASX:KGN).

Effective Date Code Issuer Name Offer Size (M) Offer Type Offer Price Last Close Offer To Date Market Cap at Offer (M) Sector
08/19/2020 TAH Tabcorp Holdings Ltd 600 Rights 3.25 3.62 11 7120.0 Consumer
08/18/2020 KGN Kogan.com Ltd 158 Placement 21.6 20.8 -4 2281.4 Consumer
08/17/2020 GNX Genex Power Ltd 21 Placement 0.22 0.21 -5 109.7 Energy
08/06/2020 AEF Australian Ethical Investment 74 Placement 5.24 4.77 -9 588.9 Financial
08/31/2020 WMI WAM Microcap Ltd 29 Placement 1.379 1.47 7 283.6 Financial
08/07/2020 4DX 4DMedical Ltd 56 IPO 0.73 1.485 103 193.3 Health
08/11/2020 SYD Sydney Airport 2001 Rights 4.56 5.72 25 14450.0 Industrial
08/05/2020 CIP Centuria Industrial REIT 341 Rights 3.15 3.12 -1 1560.0 Real Estate
08/17/2020 LYC Lynas Corp Ltd 214 Rights 2.3 2.44 6 2040.0 Resources
08/25/2020 LYC Lynas Corp Ltd 212 Placement 2.3 2.44 6 1957.2 Resources
08/27/2020 CRN Coronado Global Resources Inc 145 Placement 0.6 0.62 3 819.3 Resources
08/18/2020 CRN Coronado Global Resources Inc 105 Rights 0.6 0.62 3 819.0 Resources
08/05/2020 CMM Capricorn Metals Ltd 71 Placement 1.9 2 5 653.2 Resources
08/14/2020 PNR Pantoro Ltd 50 Placement 0.24 0.245 2 332.5 Resources
08/11/2020 MCR Mincor Resources NL 50 Placement 0.72 0.75 4 309.5 Resources
08/05/2020 SO4 Salt Lake Potash Ltd 55 Placement 0.5 0.5 0 248.2 Resources
08/17/2020 SO4 Salt Lake Potash Ltd 43 Placement 0.5 0.5 0 247.7 Resources
08/11/2020 TIE Tietto Minerals Ltd 22 Placement 0.62 0.52 -16 243.0 Resources
08/26/2020 TLG Talga Resources Ltd 10 Placement 0.5 0.6 20 132.1 Resources
08/12/2020 STA Strandline Resources Ltd 18 Placement 0.215 0.2 -7 110.2 Resources
08/06/2020 PLL Piedmont Lithium Ltd 10 Placement 0.09 0.089 -1 103.8 Resources
08/17/2020 FCL Fineos Corp Ltd 85 Placement 4.26 5.25 23 1243.9 Tech
08/12/2020 SPT Splitit Ltd 45 Placement 1.3 1.86 43 507.4 Tech
08/27/2020 ST1 Spirit Telecom Ltd 18 Placement 0.32 0.36 13 165.1 Tech
08/12/2020 DUG DUG Technology Ltd 35 IPO 1.35 1.32 -2 134.3 Tech
08/19/2020 VMT Vmoto Ltd 9.64 Placement 0.45 0.56 24 124.0 Tech
08/17/2020 PCK Painchek Ltd 10 Placement 0.11 0.095 -14 123.9 Tech
08/25/2020 FBR FBR Ltd 16 Placement 0.057 0.058 2 118.5 Tech

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