Jabe Jerram News Today

Magellan holds a 36 per cent interest in Barrenjoey, a home-grown investment bank that has been seeking to pinch market share from established shops since it launched in 2020.

Australian floats raised just $US677 million in 2023, lower than the $US746 million the year before. Advisers are hope bullish investors will turn the tide.

Barrenjoey has enjoyed a jump in league tables, but this is off the back of lower fee-paying transactions that Wall Street banks typically shy away from.

Virgin Australia is looking at a $3 billion valuation at a time of stubborn inflation, rising interest rates and the lowest deal count in a decade in Australian equity capital markets.

Investment banks’ ECM bosses say companies’ $61.6 billion equity capital haul of 2021 will be hard to match this year, but investors can expect plenty of raises, M&A and more shareholder-friendly offer structures.

Barrenjoey Capital raids JPMorgan for equity capital markets bosses Save Share Australian investment banks are bracing for a dramatic shake-up after newcomer Barrenjoey Capital kicked off the annual poaching season with two big hires from rival JPMorgan. Three months after a raid on UBS, and about a month after picking off some other JPMorgan bankers, Barrenjoey Capital hired JPMorgan’s hotshot equity capital markets duo Dyson Bowditch and Jabe Jerram. Barrenjoey has rounded out its roster...