Australian IPO lead managers

H2 2025 · ASX IPOs listed · 18 deals · A$1.9bn disclosed

Deal size
Custom range
Australian IPO lead managers, H2 2025, ranked by deal value
1 Morgans 4 deals · 14.1% share
2 E&P Capital 4 deals · 12.8% share
3 Barrenjoey 1 deal · 12.2% share
3 Goldman Sachs 1 deal · 12.2% share
3 UBS 1 deal · 12.2% share
6 Canaccord Genuity 8 deals · 11.5% share
7 Bell Potter 2 deals · 4.5% share
8 Henslow 1 deal · 4.0% share
9 CommSec 1 deal · 2.7% share
9 MST Financial 1 deal · 2.7% share
9 National Australia Bank 1 deal · 2.7% share
9 Shaw and Partners 1 deal · 2.7% share
9 Wilsons Advisory 1 deal · 2.7% share
14 Ord Minnett 1 deal · 1.1% share
15 Euroz Hartleys 2 deals · 0.6% share
16 Wallabi Group 1 deal · 0.4% share
17 Alpine Capital 1 deal · 0.3% share
18 Harbury 1 deal · 0.3% share
19 Inyati Capital 1 deal · 0.2% share
19 Veritas Securities 1 deal · 0.2% share
21 Bay Financial 1 deal · 0.1% share
21 GBA Capital 1 deal · 0.1% share
Share of the table, H2 2025
Australian IPO lead managers, H2 2025: share of the tableMorgans14.1%E&P Capital12.8%Barrenjoey12.2%Goldman Sachs12.2%UBS12.2%Canaccord Genuity11.5%Bell Potter4.5%Henslow4.0%CommSec2.7%MST Financial2.7%

Top ten by deal value.

Rank by year
Australian IPO lead managers: rank by year#1#3#5#7#9#11#13#15#1620252026 YTDMorgans: #2 in 2025Morgans: #3 in 2026 YTD#3 MorgansE&P Capital: #4 in 2025E&P Capital: #11 in 2026 YTD#11 E&P CapitalBarrenjoey: #3 in 2025Barrenjoey: #2 in 2026 YTD#2 BarrenjoeyGoldman Sachs: #5 in 2025Goldman Sachs (#5, 2025)UBS: #5 in 2025UBS: #7 in 2026 YTD#7 UBSCanaccord Genuity: #1 in 2025Canaccord Genuity: #10 in 2026 YTD#10 Canaccord GenuityBell Potter: #7 in 2025Bell Potter: #16 in 2026 YTD#16 Bell PotterHenslow: #12 in 2025Henslow (#12, 2025)

This table's top firms in each year.

Value is shared equally among the lead managers on each deal. Methodology

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