Cap Raise Crucible: Canaccord leads big mining dash for cash
Roundup of 35 ASX capital raisings seeking a combined $687.5m in late August and early September, led by mining deals; Canaccord Genuity topped the broker table and three IPOs floated.
Corporate / CVC · 2 deals
Every published round Morgans Corporate took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Eureka Group Holdings | Unnamed stage | 11 Sep 2026 | $80.2m | Lead | The Age Business, SMH Business | |
| Pay.com.au | Unnamed stage | 2025 | $25m | Lead | SmartCompany (27 Aug 2026), Startup Daily (26 Aug 2026), Fintech News Australia, Dealroom, SmartCompany (13 Mar 2026), Startup Daily (28 Nov 2025), SmartCompany (28 Nov 2025), SmartCompany (24 Nov 2025) |
Companies Morgans Corporate has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Eureka Group Holdings | 11 Sep 2026 | 1 | 1 | |
| Pay.com.au | Australia's largest payments and rewards platform | 2025 | 1 | 1 |
Fund closes reported for Morgans Corporate, as distinct from the investments it has made.
Companies Morgans Corporate has backed that another company then bought. An exit for the holding, not a deal Morgans Corporate did.
Stories naming Morgans Corporate. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Roundup of 35 ASX capital raisings seeking a combined $687.5m in late August and early September, led by mining deals; Canaccord Genuity topped the broker table and three IPOs floated.
Roundup tallies 35 ASX equity fundraises seeking $687.5 million, mostly miners; Canaccord Genuity led broker mandates with nine deals, while FireFly Metals' $190 million package was the period's largest.
Also The Age Business
Funding roundup covering four raises: Pay.com.au's $25 million round plus a $28 million secondary, Ruminant Biotech's Series A, Australis Scientific's Rohto-backed funding, and Paperly's $3 million round led by Tribe Global Ventures.
Melbourne fintech pay.com.au has banked $25 million for a US push, Morgans Corporate leading, with Wilson Asset Management, Thorney Group and Ophir participating, at a pre-money valuation of $633 million.
Payment rewards platform Pay.com.au has raised $25 million led by Morgans Corporate, with $28 million of existing shares also sold, valuing the company at $633 million as it pushes into America.
Also Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Dealroom·Fintech News Australia
Aura Group has hired brokers, lawyers and an auditor as it weighs floating on the ASX within two years, alongside a planned pre-listing capital raise to fuel expansion.