IPO lead managers

H1 2025 · IPOs listed · 3 deals · A$575m disclosed

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IPO lead managers, H1 2025, ranked by deal value
1 Argonaut 1 deal · 19.1% share
1 Bell Potter 1 deal · 19.1% share
3 Canaccord Genuity 1 deal · 11.5% share
3 MA Moelis Australia 1 deal · 11.5% share
3 MST Financial 1 deal · 11.5% share
3 Ord Minnett 1 deal · 11.5% share
3 Shaw and Partners 1 deal · 11.5% share
8 Barrenjoey 1 deal · 2.2% share
8 Morgans 1 deal · 2.2% share
Share of the table, H1 2025
IPO lead managers, H1 2025: share of the tableArgonaut19.1%Bell Potter19.1%Canaccord Genuity11.5%MA Moelis Australia11.5%MST Financial11.5%Ord Minnett11.5%Shaw and Partners11.5%Barrenjoey2.2%Morgans2.2%

Top ten by deal value.

Rank by year
IPO lead managers: rank by year#1#3#5#7#9#11#13#15#1620252026 YTDArgonaut: #10 in 2025Argonaut: #4 in 2026 YTD#4 ArgonautBell Potter: #7 in 2025Bell Potter: #16 in 2026 YTD#16 Bell PotterCanaccord Genuity: #1 in 2025Canaccord Genuity: #10 in 2026 YTD#10 Canaccord GenuityMA Moelis Australia: #13 in 2025MA Moelis Australia: #7 in 2026 YTD#7 MA Moelis AustraliaMST Financial: #8 in 2025MST Financial: #11 in 2026 YTD#11 MST FinancialOrd Minnett: #11 in 2025Ord Minnett: #1 in 2026 YTD#1 Ord MinnettShaw and Partners: #8 in 2025Shaw and Partners: #13 in 2026 YTD#13 Shaw and PartnersBarrenjoey: #3 in 2025Barrenjoey: #2 in 2026 YTD#2 Barrenjoey

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.