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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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