IPO lead managers

Calendar 2025 · IPOs listed · 21 deals · A$2.5bn disclosed

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IPO lead managers, Calendar 2025, ranked by deal value
1 Canaccord Genuity 9 deals · 11.5% share
2 Morgans 5 deals · 11.3% share
3 Barrenjoey 2 deals · 9.8% share
4 E&P Capital 4 deals · 9.8% share
5 Goldman Sachs 1 deal · 9.3% share
5 UBS 1 deal · 9.3% share
7 Bell Potter 3 deals · 7.9% share
8 MST Financial 2 deals · 4.7% share
8 Shaw and Partners 2 deals · 4.7% share
10 Argonaut 1 deal · 4.5% share
11 Ord Minnett 2 deals · 3.5% share
12 Henslow 1 deal · 3.1% share
13 MA Moelis Australia 1 deal · 2.7% share
14 CommSec 1 deal · 2.0% share
14 National Australia Bank 1 deal · 2.0% share
14 Wilsons Advisory 1 deal · 2.0% share
17 Euroz Hartleys 2 deals · 0.5% share
18 Wallabi Group 1 deal · 0.3% share
19 Alpine Capital 1 deal · 0.2% share
20 Harbury 1 deal · 0.2% share
21 Inyati Capital 1 deal · 0.2% share
21 Veritas Securities 1 deal · 0.2% share
23 Bay Financial 1 deal · 0.1% share
23 GBA Capital 1 deal · 0.1% share
Share of the table, Calendar 2025
IPO lead managers, Calendar 2025: share of the tableCanaccord Genuity11.5%Morgans11.3%Barrenjoey9.8%E&P Capital9.8%Goldman Sachs9.3%UBS9.3%Bell Potter7.9%MST Financial4.7%Shaw and Partners4.7%Argonaut4.5%

Top ten by deal value.

Rank by year
IPO lead managers: rank by year#1#3#5#7#9#11#13#15#1620252026 YTDCanaccord Genuity: #1 in 2025Canaccord Genuity: #10 in 2026 YTD#10 Canaccord GenuityMorgans: #2 in 2025Morgans: #3 in 2026 YTD#3 MorgansBarrenjoey: #3 in 2025Barrenjoey: #2 in 2026 YTD#2 BarrenjoeyE&P Capital: #4 in 2025E&P Capital: #11 in 2026 YTD#11 E&P CapitalGoldman Sachs: #5 in 2025Goldman Sachs (#5, 2025)UBS: #5 in 2025UBS: #7 in 2026 YTD#7 UBSBell Potter: #7 in 2025Bell Potter: #16 in 2026 YTD#16 Bell PotterMST Financial: #8 in 2025MST Financial: #11 in 2026 YTD#11 MST Financial

This table's top firms in each year.

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

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Covers deals in Australia only for now. New Zealand is in progress; the United Kingdom, the United States, Canada, Singapore, China and India are planned. Values are in Australian dollars.