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Canadian innovators drive first quarter IPO market recovery (April 3, 2017)
The Canadian market for initial public offerings rebounded in the first quarter of 2017, driven by innovative companies that could point to a trend for the rest of the year, the PwC quarterly survey of the IPO market reveals. Led by three new issues on the TSX worth $539 million, the year got off to its best start since 2015.
An additional three issues on the TSX Venture added $32 million in value for the quarter, bringing the total value of IPOs to $571 million from six new equity issues on all Canadian exchanges - the second-best initial quarter result in the past decade, the PwC survey reported. An additional $38 million was raised from the flotation of a Canadian company on the Hong Kong exchange.
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