Before the $400-million IPO, 2016 was shaping up to the worst year on record for IPOs, with less than $2 million in new issues, according to PwC’s quarterly report
PwC report on new issues in Canada blames economic uncertainty, cites good news
Strong secondary market activity coming in the oil and gas sector
Canadian equity & equity-related issuance rose by 13.1% to $42.6 billion
Thirteen IPOs on the TSX accounted for the vast majority of the funds raised last year, according to PwC survey
RBC Capital Markets leads equity underwriting league tables
Total securities issuance was US$1.76 trillion in Q2 2015
The first half of 2015 in Canada was marked by new issues from the energy, financial, consumer products, pharmaceutical, mining, communications and technology sectors
Company plans to list on Nasdaq
The top underwriter for the quarter was RBC Capital Markets