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.
TMX is a destination for small to medium global energy and mining companies to raise equity, with close to 50% of index dominated by those two sectors. “There is a pipeline out there that’s waiting for the right time to enter the market,” McPherson said. “And our advice to those companies is it’s best to not just wait but have your entire ducks in a row if you will, so the when the window of opportunity opens, you don’t have to start from scratch.”
“The pipeline looks excellent. Timing looks questionable,” McKenzie said, adding the recent uptick in U.S. IPO activity provides “good momentum” that will help Canadian IPO hopefuls.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada stock market operator TMX says IPO window shrinkingBy Divya Rajagopal TORONTO (Reuters) - Canada's main stock exchange operator, TMX Group, is urging companies seeking to list on its platform to ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
Canada stock market operator TMX says IPO window shrinkingCanada'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.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
US futures rise with retail sales data, Arm IPO on deck: Stock market news todayInvestors are betting that the Federal Reserve won't hike interest rates at its next meeting.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Birkenstock Files for IPO in Further Boost to US Equities MarketBirkenstock has filed for an initial public offering, in another sign of the allure US equity markets hold for European firms seeking a valuation uplift.
Source: BNNBloomberg - 🏆 83. / 50 Read more »