Australia’s unprecedented wave of capital raisings at the outset of the COVID-19 crisis will be followed by another wave of companies seeking to raise capital as economic impacts of the crisis linger longer for some companies and others seek capital for acquisitions and growth.

Following a “deluge” of capital raisings in the first half of the year, lawyers say there is likely to be another busy period for capital raisings after companies report their earnings over the next month or so.