ASX companies continued to raise money in July, with over $4bn shelled out by investors, taking 2020’s total above $30bn.
According to Bloomberg, there has been $32.3bn worth of cash raised between January 1 and August 3. This is well ahead of the $15.8bn raised at this point last year.
The majority of this was raised by large caps, including $1.3bn from major Aussie airline Qantas (ASX:QAN).
Small cap deals
While companies with market capitalisations below $100m only made up $294m of July’s total, there were 86 capital raisings completed. Nearly two thirds of July’s total ($190m) came from resources stocks.
After health stocks raised more than their resources peers in April and May, mining stocks retook the lead in June and held their ground this month.
The best performing non-resources stock is cybersecurity play Family Zone Cyber (ASX:FZO), which has more than tripled after raising $10m.
Here’s a list of all ASX small and micro cap raisings completed in July (by date of securities listing on the ASX):
Swipe or scroll to reveal the full table. Click headings to sort.
July’s other IPO also doing well
Meanwhile, stocks with market capitalisations between $100m and $500m raised $385m.
The most notable deal came from the other company to list on the ASX in July — New Zealand-headquartered biological scaffold maker Aroa Biosurgery (ASX:ARX).
Aroa raised $45m at 75c per share and its share price has nearly doubled since listing.
Travel agent Helloworld Travel (ASX:HLO) was the biggest tin rattler in July, raising $50m across a placement and rights issue.
Auteco has gotten investors excited ever since it bought its Pickle Crow project in Canada and with the $30m raised has now begun its maiden drilling program.
Among stocks with a market cap between $500m and $1bn was buy now, pay later stock Sezzle (ASX:SZL), which raised $79m, and high flying fashion retail stock City Chic Collective (ASX:CCX), which raised $80m.
Barry Stroman was a reporter for Zerg Watch, before becoming the lead editor. Barry has previously worked for Wired, MacWorld, PCWorld, and VentureBeat covering countless stories concerning all things related to tech and science. Barry studied at NYU.