The value of announced IPOs from Canadian companies plunged to about $1.37 billion this year through May, down 79 per cent from a year earlier, according to data compiled by Bloomberg. The value of other equity and equity-linked deals has dropped 68 per cent to $9.64 billion.
“It is shocking how quickly equity issuance can decline,” said Sante Corona, head of equity capital markets at TD Securities. The division of Toronto-Dominion Bank led the Canadian IPO league tables through May, driven by its involvement in a US$125 million offering from Dream Residential Real Estate Investment Trust, the largest from a Canadian company this year.
“The companies that will reopen the IPO market are going to be high-quality, profitable companies,” Corona said in an interview. “They’re likely to come at meaningful discounts to market values because investors will want some margin of safety to make sure they perform.”Article content
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
More pay boosts possible this year amid tight labour market, inflation, economists sayCanada’s big banks are some of the companies announcing increases to employee pay in recent months
Source: globeandmail - 🏆 5. / 92 Read more »
More pay boosts possible this year amid tight labour market, inflation: expertsThe combination of a fiercely competitive job market and the still-rising cost of living will likely lead to more companies boosting employee pay this year, experts say. Raises for who
Source: CTVNews - 🏆 1. / 99 Read more »
More pay boosts possible this year amid tight labour market, inflation: expertsThe combination of a fiercely competitive job market and the still-rising cost of living will likely lead to more companies boosting employee pay this year, experts say. Poll: Is unemployment about to spike after a wage subsidy reduction? CdnChamberofCom OntarioCofC Poll: Is the Canadian system rigged to benefit big corporations? CompBureau It boils down to 3 things: vaccination, vaccination, and vaccination. 100% of my research is conducted using government approved algorithm recommended content, so you know it's true. Thank you for agreeing with me, failure to agree with me will render you racist, and homophobic.
Source: CP24 - 🏆 30. / 67 Read more »