Capital Raises Weekly Wrap - 29/10/2021

The past week in capital raising has seen 18 companies from 6 different sectors raising to fund their next stages of development with just under $240m being raised via placement across the market.

The materials sector saw the most raises with 12 placements completed totalling just over $182m raised including a $126m placement by (ASX:WAF) with funds to be used to complete the Kiaka and Toega acquisitions and carry out the development of the gold projects.

The health sector saw the other large placement this week with (ASX:IPD) raising $35m with funds to be used to support product, data and software enhancements, development and the commercialisation of their renal failure application.

Placement Overview

*Placements are limited to those which left a trading halt between 25/10 and 29/10

Sector Breakdown

For a more detailed look at how the ASX sectors are performing check out: https://www.freshequities.com/ASX/sectors 

90 Days Post Placement Performance

Looking back 90 days to see how placements have performed post placement takes us to the third week of June which saw 17 placements take place. (ASX:EMP) was by far the top performer of the bunch increasing 200% from its issue price with the next best performer (ASX:COB) seeing a just over 40% increase from the issue price.

Top performing:

• Emperor Energy Limited (ASX:EMP) peaked at a 240% increase from issue price 80 days post raise and fell back to an increase of 160% after 90 days.

• Cobalt Blue Holdings Limited (ASX:COB) peaked at a 42% increase from issue price 90 days post raise

Worst performing:

• Leigh Creek Energy Limited (ASX:LCK) saw a 39% decrease from issue price 90 days post raise.

• Peako Limited (ASX:PKO) saw a 37% decrease from issue price 90 days post raise.

Check out our Past Capital Raises page for more information on past transactions.