Canada’s IPO market sees $1 bln-plus raised in H1: PwC
Activity in Canada’s initial public offering (IPO) market was "slow and steady" in the first half of 2018, according to a survey by PwC Canada. Twenty new issues across all exchanges accounted for $1.1 billion in this period, compared to 16 issues generating $2.9 billion at the same time in 2017. Eleven IPOs raised $956 million in Q2 2018, the largest of which was the US$462 million Canada-U.S. listing of Ceridian HCM, a human-resources-software provider backed by Thomas H. Lee Partners and Cannae Investors. Since January, six Canadian private equity- and venture-backed companies have announced or closed an IPO.
3 July 2018•4 mins read
