TORONTO, July 5, 2021 /CNW/ - CPE Analytics is pleased to release Canada's only comprehensive analysis and report of Canadian initial public offerings (IPOs) for the first half (H1) of 2021.
88 IPOs completed on four Canadian Exchanges, Canadian Securities Exchange (CSE), Toronto Stock Exchange (TSX), TSX Venture Exchange (TSX Venture) and NEO Exchange (NEO), raising $6.92 billion in gross proceeds, or 47 IPOs for $6.27 billion, if Capital Pool Company (CPC) ad Special Purpose Acquisition Corporation (SPAC) IPOs were excluded. (dollar figures are in Canadian dollar, unless otherwise noted)
First Half of 2021 Highlights
- TSX led all Exchanges in number of non-CPC/SPAC IPOs and total amount raise, with 25 IPOs (53%) for $5.91 billion (94%).
- CSE ranked second in number of non-CPC/SPAC IPOs, accounting for 28% of all non-CPC/SPAC IPOs.
- 11 Private Equity (PE) backed IPOs raised $4.33 billion representing 62% of total amount raised by all IPOs or 69% of total amount raised by all non-CPC/SPAC IPOS.
- BC led both numbers of all IPOs and non-CPC/SPAC IPOs with 40 and 21 respectively.
- Ontario led the amount raised with $4.11 billion from 31 IPOs or $3.96 billion from 19 non-CPC/SPAC IPOs.
- 15 Mining IPOs led in number of non-CPC/SPAC IPOs accounting for 32% of 47 non-CPC/SPAC IPOs. 7 of the 15 mining IPOs completed on the CSE.
Breakdown by Exchanges (bracket non-CPC/SPAC)
- CSE – 13 IPOs for $158 million (15 IPOs for $23.81 million)
- TSX – 26 IPOs for $6,040 million (25 IPOs for $5,913 million)
- TSX Venture – 46 IPOs for $233 million (9 IPOs for $195 million)
- NEO – 3 IPOs for $491 million (no IPO)
Canadian companies listed on non-Canadian exchanges
- Gold Royalty Corp. raised US $90 million from NYSE American IPO listing
- TELUS International (Cda) Inc. cross listed on TSX and NYSE
Ranking of Law Firms by total number of IPOs (6+)
- Miller Thomson LLP
- Stikeman Elliott LLP
- Blake, Cassels & Graydon LLP
- Goodmans LLP
- McCarthy Tétrault LLP
- Osler, Hoskin & Harcourt LLP
- Burstall LLP
- Minden Gross LLP
- DuMoulin Black LLP
- Borden Ladner Gervais LLP
- Cassels Brock & Blackwell LLP
Ranking of Investment Dealers/Underwriters by Total IPO Amount ($2B +)
- Scotia Capital Inc.
- CIBC World Markets Inc.
- RBC Dominion Securities Inc.
- National Bank Financial Inc.
- BMO Nesbitt Burns Inc.
- TD Securities Inc.
- Canaccord Genuity Corp.
- Barclays Capital Canada Inc.
- BofA Securities, Inc.
Ranking of Investment Dealers/Underwriters by # lead/co-lead IPOs (6+)
- Canaccord Genuity Corp.
- Haywood Securities Inc.
- Scotia Capital Inc.
- TD Securities Inc.
- RBC Dominion Securities Inc.
- Research Capital Corporation
- Leede Jones Gable Inc.
Report Summary
First Half of 2021 Canadian IPO Report Overview is available from financings.ca website: https://www.financings.ca/reports/
Methodology and Terminology
Excluded:
- ETFs/closed-end funds, publicly listed or non-listed investment funds
- IPOs by qualification of distribution of previously issued securities
- Reverse take-overs (RTOs), qualifying transactions (QTs), qualifying acquisitions (QAs)
CPC – capital pool company
SPAC – special purpose acquisition corporation also known as blank check company in the US
CPE Analytics
CPE Analytics is Canada's leading all financing intelligence provider. We provide comprehensive, verified, and unbiased information and unmatched insights and intelligence on public financings, private financings, initial public offerings (IPOs), M&As, professional investment firm fundraising activities.
CPE Analytics is Canada's only provider of comprehensive IPO analysis.
CPE Analytics is the data analytics division of CPE Media & Data Company. https://cpeanalytics.ca, https://financings.ca
CPE Media & Data Company
Founded by Canada's most experienced private capital and financing research experts, CPE Media & Data Company is Canada's leading all financing news and intelligence provider. https://cpecompany.ca/
SOURCE CPE Media Inc.
Ted Liu, President & CEO, CPE Media & Data Company, 647-782-8818, [email protected]
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