FILE PHOTO: FILE PHOTO: Illustration shows Enbridge Inc logoTORONTO - A recent C$4.6 billion capital raise by Enbridge and a raft of new U.S. deals have spurred optimism for a revival in Canadian equity capital markets issuance, bankers and lawyers said.
"We're certainly in our team talking about a progressive opening of market between now and the end of the year and we're certainly more optimistic going into 2024 in terms of what is achievable," he added. Marketing automation firm Klaviyo, Arm Holdings and Instacart all debuted recently to strong initial demand. On Monday, Enbridge's shares were trading some 1.8% higher than the price they were placed at on Sept. 8.
Canada's main stock exchange operator TMX Group has about 1,600 companies in its initial public offering pipeline, with more than half of them technology companies, CEO John McKenzie said in a recent interview.