2020 Canadian IPOs reported mixed results – 25 CSE and 23 Mining IPOs led in number of Non-CPC/SPAC IPOs, 6 PE/VC IPOs dominated with $3,539M (73% of total amount raised)
Canadian VC reported $3.59B in 426 financing rounds in first 9 months of 2020; $1.10B of the total funding came from US Investors; VC firms raised $2.75B. All four indicators are down from the same period in 2019.
Canadian VC cooled to $2.59B in H1 2020, accompanied by two sharp consecutive quarterly drops from Q3 and Q4, 2019. Of concern from H1: US investor investment share fell to 30% from high of 46% in 2019 and 2017.
H1 2020 Canadian IPO: 35 IPOs on CSE, TSX, TSX Venture Exchange, and NEO for $2.48B. CSE led with 15 out of 17 non-CPC/SPAC IPOs.
Canadian venture capital disbursement at $1.36 billion – full COVID-19 impact to come in Q2 and beyond.
Investors are pouring money into GoldSilver mining/exploration companies amid the COVID-19 pandemic.
Canadian venture capital (VC) disbursements reached a historical high in 2019 with 642 financings for $7.263 billion, backed by US and foreign investors which invested 55% of the total amount.
Dentons Canada LLP did 83 VC deals in 2019, leading 41 other law firms in assisting Canadian startup companies or investors.
COVID-19 impact on one issuer is particularly devastating
CPE Media Analytics released its venture capital report for the first three quarters of 2019: investments from US investors now accounted for half of all VC $ went to Canadian companies.
First half of 2019 Canadian VC set a torrid pace, with 264 financings completed totaling $2.9 billion, on pace to pass $5B mark for first time since 2000
H1 2019 exempt financing – top 5 law firms in # of deals: Owen Bird, Burstall, Clark Wilson, Cassels Brock & Blackwell, Dentons Canada; top 5 in deal values: Torys, McCarthy Tétrault, Norton Rose Fulbright Canada, Stikeman Elliott, Davies Ward Phillips & Vineberg
Canaccord Genuity Corp. and Greybrook Securities Inc. were leading investment dealer and EMD respectively in the first half of 2019 exempt financing fees earned.
CPE Media Analytics released comprehensive results for initial public offerings (IPOs) for the first half of 2019.
Entrepreneur-venture capitalists – are they good for the company, the venture capital investors, or themselves?
92 law firms worked on 525 financings with total deal value of $14.76B in Q1. Owen Bird Law Corporation Norton Rose Fulbright Canada LLP led in deal numbers and total deal value
Canaccord Genuity Corp. and Greybrook Securities Inc. the leading investment dealer and EMD respectively in Q1 exempt financing fees earned.