Fresh Funds — Edition #6 (8/11/19)

Alex Stella
Nov 8 · 2 min read

A much slower pace this week in capital markets, 14 new deals vs. 27 last week. One possible explanation — it was the height of the Spring Carnival here in Melbourne (the race that stops a nation’s deals), perhaps most dealmakers and executives were touring the tracks in lieu of rattling the tin…

The Westpac (WBC) placement was the big market event this week, raising a monster $2b in under a day. The placement officially opened on Monday morning (also available to clients of Fresh) and was covered by midday (see AFR report, 4/11/19), well ahead of the scheduled 5pm book close. We believe this speaks to the power of placements to provide quick and easy capital injections for issuers. A good case for increased placement usage amongst larger companies — perhaps even other banks in months to come? As we continue to grow our investor base and deal capacity we hope to offer the majority of these larger raises through Fresh.

Looking to next week, we have a number of shortfall deals opening and hopefully more placement activity, stay tuned.


Westpac dominates the chart this week…

Here are some of the critical numbers from this week:

  • $2.2b raised from 18 placements (as announced to the ASX)
  • Clients of Fresh were offered access to 13 of the 18 placements (72%)

Metals & Mining

Tech

Industrials

Financials

Consumer


Stay Fresh!

Fresh Equities is helping investors access ASX placements and shortfalls. Not a broker, not a corporate advisor, we are a new distribution partner offering HNW investors, Funds and Families access to the largest range of deals for free and without advice.

If you have any suggestions, feedback or would like to join us on the journey — please reach out to the team at contact@freshequities.com

www.freshequities.com

Fresh Equities

The simple way to invest in listed capital raises.

Alex Stella

Written by

Associate Director @ Fresh Equities

Fresh Equities

The simple way to invest in listed capital raises.

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