BMO takes top spot for Canadian IPOs in dismal year for market

📆 04/01/2023 21:02:00
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Canadian companies undertook 112 IPOs with a total value of $1.82 billion, down 85% from 2021’s record $12 billion in deals. Find out more.

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The largest IPO last year was for eye health business Bausch + Lomb Corp., a deal that raised US$711.9 million for Bausch Health Cos. as part of its plan to separate some of its businesses. The next biggest deal was the US$125 million offering from apartment owner Dream Residential Real Estate Investment Trust.Photo by Paul Chiasson/The Canadian Press

The companies that will lead the IPO market out of its doldrums probably will be larger firms that can produce cash flow even during a recession, said Chris Blackwell, head of Canadian investment banking at Canaccord Genuity Group Inc. Select diversified names, commodities producers and miners may be among those that help reopen the market, he said.

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BMO takes top spot for Canadian IPOs in dismal year for marketCanadian companies undertook 112 IPOs with a total value of $1.82 billion, down 85% from 2021’s record $12 billion in deals. Find out more.
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