Activity dropped significantly in August in the wake of increased volatility in equity markets
Canadian equity underwriting slumped, debt underwriting soared
Valuations and investor confidence are improving
IPO worth US$23 billion
Numbers boosted by a handful of large issues
Debt issuance holds steady
Gross proceeds will now be $250 million
Some share structures are contrary to the public interest
Proceeds to be used to augment firm’s cash position, retire outstanding debt
Offering raises US$339 million