Private equity-backed IPOs raise $2.3 bln in 2017, drive market rebound
Canada’s market for initial public offerings came roaring back this year from a dismal 2016, due in no small part to new issues backed by private equity and venture capital funds. This year “was a breakthrough year in the IPO market, one of the best of the past decade,” Dean Braunsteiner, national IPO services leader at PwC Canada, told PE Hub Canada. Braunsteiner gives some of the credit to PE and VC funds investing in the wake of the 2007-2009 recession and now on the lookout for liquidity opportunities. This trend, combined with pent-up demand and rising share prices late last year, created a “perfect storm,” he said. Taken together, a dozen Canadian PE- and venture-backed IPOs collected $2.3 billion in 2017.
13 December 2017•3 mins read
