Canada stock market operator TMX says IPO window shrinking

📆 2023-09-14 11:35 AM
📰 YahooFinanceCA

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Canada's main stock exchange operator, TMX Group, is urging companies seeking to list on its platform to accelerate their plans, a top exchange official said, citing an uncertain economy and next year's U.S. presidential election as factors shrinking the window of opportunity. Dean McPherson, head of TMX Global Mining, told Reuters on Tuesday that macro issues such as inflation and the Ukraine-Russia war are keeping capital on the sidelines, while the U.S. presidential election in 2024 should add to the uncertainty. McPherson said TMX has advised companies seeking to list that the 'window of opportunity' for initial public offerings, when it opens, might be a short window of three to six months rather than a year.

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