The following is an edited summary from PwC about its annual IPO survey. For more information, visit www.PwC.com.
The 2017 market for initial public offerings (IPOs) in Canada raced across the finish line to post a $5.1-billion, five-year record for total proceeds raised from new equity issues, according to PwC’s annual survey.
Driven by heavy activity in the mining sector, a strong final quarter of 2017 raised $1.7 billion in new equity from 13 new issues, helping to lift the full year tally to $5.1 billion from 38 issues from Canadian companies or companies listing on Canadian exchanges. The fourth quarter tally includes the $728-million dual listing of Luxembourg-incorporated Nexa Resources on the TSX and the NYSE.
Continue reading at The Northern Miner.