PE & venture-backed IPOs helped power Canadian market in first half
The going public transactions of private equity and venture-backed companies helped drive the Canadian IPO market in the first half of 2015, a new PwC Canada report suggests. Offerings by companies such as Shopify Inc and Stingray Digital Group Inc contributed to $1.4 billion in new issue proceeds in this period, PwC found. Overall, proceed values were down from one year ago, while the number of offerings was up. PwC National IPO Leader Dean Braunsteiner said early signs of private equity firms bringing companies to the public equity market is a trend to watch. Another important trend is the successful offering of special-purpose investment companies focused on startups, he said.
6 July 2015•3 mins read
