Canadian deal volume, always modest, fell off a cliff last year
IPOs were among the hardest-hit stocks last year; the few big winners didn’t outweigh the underperforming majority
There were only a handful of non-resources IPOs in 2008, and the market has not been kind to them
For investors, opportunity may lie in preferred shares; for companies, there are other ways to go public
But firms find other ways to raise money
CIBC has completed its issue $200 million of preferred shares, the bank said Friday.The offering consisted of 8 million non-cumulative Rate Reset Class A Preferred Shares, Series 37, priced at $25 per Series 37 Share.The offering was made through a syndicate of underwriters led by CIBC World Markets Inc. The Series 37 Shares commence trading […]
Manulife Financial Corp. has completed its offering of 18 million preferred shares at a price of $25 per share for gross proceeds of $450 million, the company announced on Wednesday.The previously announced offering of non-cumulative 5-year rate reset class A shares, Series 4, was underwritten by a syndicate of investment dealers led by RBC Capital […]
O’Leary Global Income Opportunities Fund completed its initial public offering for aggregate gross proceeds of $102 million, O’Leary Funds Management LP announced Friday. The IPO consisted of 8.5 million units issued at a price of $12 per unit.The fund has granted the agents an over-allotment option to acquire up to an additional 1,275,000 units.The initial […]
Front Street Capital has completed a first closing of the Front Street Flow-Through 2009-I Limited Partnership units offering, the company announced Thursday.The offering raised a total of $30,196,350 for investments in flow-through shares of Canadian resource companies and other permitted investments.Front Street focuses on companies engaged in oil and gas or mining exploration, development or […]
Bank unveils new preferred share issue