Aritzia's IPO among few highlights in 2016's "dismal" market: PwC
Canada's initial public offering (IPO) market turned in a "dismal" performance in 2016, according to a survey by PwC. October's $400 million offering by women’s fashion retailer Aritzia Inc, a portfolio company of Berkshire Partners, was one of only three new issues on the TSX last year and one of only eight new issues on all domestic exchanges, the survey found. Two other small TSX issues in 2016's final months brought the quarterly and annual tally for Canada's senior exchange to $464 million. PwC said 2016 was the worst year for Canadian IPOs in the nearly two-decade history of its survey, falling below the previous low-water mark set in 2008.
3 January 2017•4 mins read
