First half of 2021 Canadian IPOs report record $6.9 billion in fundraising, PE-backed IPOs dominate at $4.3 billion

TORONTO, July 5, 2021 /CNW/ – CPE Analytics is pleased to release Canada’s some comprehensive analysis and report of Canadian Initial Public Offerings (IPOs) for the first half (H1) of 2021.

Completed 88 IPOs on four Canadian Exchanges, Canadian Securities Exchange (CSE), Toronto Stock Exchange (TSX), TSX Venture Exchange (TSX Venture), and NEO Exchange (NEO), $6.92 billion in gross proceeds, or 47 IPOs for $6.27 billion, if IPOs of Capital Pool Company (CPC) and Special Purpose Acquisition Corporation (SPAC) were excluded. (dollar figures are in Canadian dollars unless otherwise noted)

Highlights first half 2021

• TSX led all exchanges in the number of non-CPC/SPAC IPOs and the total amount increase, with 25 IPOs (53%) for $5.91 billion (94%).

• CSE ranked second in the 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 the total amount raised by all IPOs or 69% of the 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 of 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 out of 15 mining IPOs completed on the CSE.

Breakdown by exchanges (non-CPC/SPAC brackets)

• 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 stock exchanges

Ranking of law firms by total number of IPOs (6+)

1. Miller Thomson LLP

2. Stikeman Elliott LLP

3. Blake, Cassels & Graydon LLP

4. Goodmans LLP

5. McCarthy Ttrault LLP

6. Osler, Hoskin & Harcourt LLP

7. Burstall LLP

8. Minden Gross LLP

9. DuMoulin Black LLP

10. Plates Ladner Gervais LLP

11. Cassels Brock & Blackwell LLP

Ranking of investment dealers/insurers by total IPO amount ($2B +)

Story continues

1. Scotia Capital Inc.

2. CIBC World Markets Inc.

3. RBC Dominion Securities Inc.

4. National Bank Financial Inc.

5. MET Nesbitt Burns Inc.

6. TD Securities Inc.

7. Canaccord Genuity Corp.

8. Barclays Capital Canada Inc.

9. BofA Securities, Inc.

Ranking of investment dealers/underwriters by # lead/co-lead IPOs (6+)

1. Canaccord Genuity Corp.

2. Haywood Securities Inc.

3. Scotia Capital Inc.

4. TD Securities Inc.

5. RBC Dominion Securities Inc.

6. Research Capital Corporation

7. Leede Jones Gable Inc.

Report overview
First half of 2021 overview Canadian IPO report available from: financing.ca website: https://www.financings.ca/reports/

Methodology and terminology
excluded:

• ETFs/closed-end funds, listed or unlisted mutual funds

• IPOs by Qualification of Distribution of Previously Issued Securities

• Reverse Acquisitions (RTOs), Qualifying Transactions (QTs), Qualifying Acquisitions (QAs)

CPC Capital Pool Company
SPAC Special Purpose Acquisition Corporation, aka blank check company in the US

CPE analysis
CPE Analytics is Canada’s leading provider of financial information. We provide comprehensive, verified and unbiased information and unparalleled insights and information on public financing, private financing, initial public offerings (IPOs), mergers and acquisitions, fundraising activities of professional investment firms.

CPE Analytics is Canada’s sole provider of comprehensive IPO analysis.

CPE Analytics is the data analytics division of CPE Media & Data Company. https://cpeanalytics.ca, https://financien.ca

CPE Media & Data Company
Founded by Canada’s most experienced private capital and funding research experts, CPE Media & Data Company is Canada’s leading provider of all financing news and information. https://cpecompany.ca/

SOURCE CPE Media Inc.

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