PwC says the initial public offering market in Canada has bounced back, posting a steady recovery through the first half of the year after a dismal 2016.
The professional services firm issued a report Tuesday saying there were 16 new IPOs on Canadian exchanges in the first six months of this year that raised a total of $2.9 billion.
A $1.7-billion offering by Kinder Morgan Canada Ltd. (TSX:KML) on the Toronto Stock Exchange led the second-quarter IPOs this year.
OBJ360 (Sponsored)
Ottawa Jazz Festival’s location is key to its success – and to revitalizing the downtown core
This year marks the 45th anniversary of the Ottawa Jazz Festival, one of the city’s premier live music events and Canada’s second oldest jazz festival. Despite the ever-changing (and expanding)
Touchdowns & Team Building: Why Ottawa’s Top Companies Are Hosting Events with the REDBLACKS
With a renewed roster and sold-out premium spaces in back-to-back seasons, the REDBLACKS are doubling down on game day experiences that aren’t just for die-hard fans, they’re for forward-thinking businesses
It was the largest IPO in Canada since Hydro One (TSX:H) in 2015.
Other offerings this year included Source Energy Services (TSX:SHLE), Real Matters Inc. (TSX:REAL), Step Energy Services Ltd. (TSX:STEP) and MedReleaf Corp. (TSX:LEAF).
The data for this year is in contrast to 2016, which the report called the worst year in the nearly 20-year history of its survey of the IPO market, with no IPOs debuting in the first six months of that year.
