NIES listed on the share market raised a record $90 billion in capital during the 2008-09 financial year despite the global economic crisis.However, only 45 new entities listed on the market for the 2009 financial year, compared to 236 in the prior year.
The Australian Securities Exchange (ASX) said in its activity report for June 2009, released today, that the $90 billion raised eclipsed the previous record of $77.9 billion raised in the 2007 financial year.
Capital raisings in the 2009 financial year comprised initial raisings of $1.93 billion - down 83 per cent on the 2008 financial year - and secondary raisings of $88.1 billion - up 74 per cent on 2008.
In June 2009, companies raised $10.2 billion - up 95 per cent on one year ago, including $77.3 million of new capital and $10.1 billion in secondary raisings.
Large individual capital raisings in June included ANZ($2.5 billion), Santos ($1.2 billion) and Mirvac Group ($0.9 billion).
The ASX said secondary capital raising activity continued to flow as companies took advantage of strong demand for shares and the underlying efficiency of the capital raising process in Australia.
Source : www.news.com.au/business/story/0,27753,25740505-31037,00.html
The Australian Securities Exchange (ASX) said in its activity report for June 2009, released today, that the $90 billion raised eclipsed the previous record of $77.9 billion raised in the 2007 financial year.
Capital raisings in the 2009 financial year comprised initial raisings of $1.93 billion - down 83 per cent on the 2008 financial year - and secondary raisings of $88.1 billion - up 74 per cent on 2008.
In June 2009, companies raised $10.2 billion - up 95 per cent on one year ago, including $77.3 million of new capital and $10.1 billion in secondary raisings.
Large individual capital raisings in June included ANZ($2.5 billion), Santos ($1.2 billion) and Mirvac Group ($0.9 billion).
The ASX said secondary capital raising activity continued to flow as companies took advantage of strong demand for shares and the underlying efficiency of the capital raising process in Australia.
Source : www.news.com.au/business/story/0,27753,25740505-31037,00.html
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