Analysis

Canadian Financings – Crypto and SPAC focused investment funds experienced substantial drop in fundraising in 2022 from 2021.
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5 mining IPOs on Canadian Securities Exchange (CSE) prevented total collapse of Canadian IPO market in Q4 2022. 2022: CSE led with 26 IPOs or 62% of non-CPC/SPAC IPOs; 31 mining IPOs accounted for 74% of non-CPC/SPAC IPOs. Continue Reading

Q4 2022 Canadian VC is poised to easily reach $2.2B mark, primarily driven by investments from US and international investors. As of 2022 year-end, $2.18B was tallied for Q4 and $8.19B for year 2022. (preliminary)Continue Reading

BC based MICs, private REITs, and Syndicated Mortgage Funds raised $2.7B from Canadian and foreign investors in 1st nine months of 2022. BC investors invested $2B (74%) while Chinese investors led all international investors with $22.7M. Continue Reading

Canadian VC continued downward spiral reaching $950M in Q3 2022 and $5.86B for first nine months of 2022. US investor share decreased from 56% in Q1 to 45% in Q3, any further drop would drag the total amount down further in Q4 2022. Continue Reading

Q3 2022 Canadian exchange IPOs: 9 non-CPA/SPAC IPOs, bringing YTD number of non-CPA/SPAC IPOs to 37: The Canadian Securities Exchange (CSE) and Mining led with 21 (57%) and 27 (73%) respectively. Continue Reading

US and international investors reduced Canadian VC investments to $726M (62%) from $2,579M (73%) in Q1 2022. US and International investors still accounted for lion’s share (70%) of total H1 2022 VC disbursements. Continue Reading

H1 2022: US and foreign investors invested $2.62B and $689M or 55% and 15% of total disbursements respectively while Canadian investors invested $1.41B or 30% of total, up from historical low of 27% in Q1 2022. Continue Reading

Carbon Capture VC investments pose concerns: 1) 4% (lowest since 2017) of total cleantech disbursements in H1 2022; 2) heavily concentrated in BC, Quebec, Nova Scotia; 3) primarily backed by US investors with Canadian investors on the sidelines. Continue Reading

Financings.ca – 76 IPOs completed on four Canadian exchanges for aggregate gross proceeds of $1.62B in H1 2022. The Canadian Securities Exchange (CSE) led with 16 IPOs, representing over half (57%) of total number of non-CPC/SPAC IPOs. Continue Reading

Canadian VC reported $3,371M driven by $1,983M and $512M (59% and 15% of total) by US and foreign investors respectively. Canadian investors’ share dropped further to 26% of total, down from previous low of 28% in 2021. Continue Reading

Canadian VC disbursements set new Canadian record in 2021, raising uninflated $13.58B from 716 financings. Investors from US and 50 foreign countries/regions invested $9.77B or 72% of total. US investors alone invested 56% for $7.60B. Continue Reading

CPE Analytics released 2021 Top 10 Canadian Investment Raising Foreign Funds. JPMorgan Asset Management (Europe) S.a.r.l.’s JPMorgan Liquidity Funds – USD Treasury CNAV Fund led with $5.4B. Osler, Hoskin & Harcourt LLP and Borden Ladner Gervais LLP each acted as legal counsel to 2 funds while Gowling WLG (Canada) LLP acted for 1 fund. Continue Reading

20 funds from BlackRock Asset Management Canada, TD Asset Management, Fiera Capital, RBC Global Asset Management, BNY Mellon Asset Management Canada, Canso Fund Management made up 2021 $1B+ fundraising investment fund club. Continue Reading

CPE Analytics profiled three Canadian companies went public by SPAC QAs in 2021: The Lion Electric Company and Li-Cycle Holdings Corp. were holding up their value while TMC the metals Co Inc. lost 79.2% of deemed price value (as 12/31/2021)Continue Reading

IPOs on Canadian stock exchanges reached record number of IPOs and amount raised – 171 IPOs completed on the four Canadian Exchanges raising $10.18 billion in 2021. Continue Reading

2020-2021: 4 of 15 VC-backed IPOs traded above offering prices while 10 of 17 PE-backed IPOs traded above offering prices. Stars: Dye & Durham (498%), Nuvei (215%), Neighbourly Pharmacy (135%), GFL Environmental (99%), Magnet Forensics (93%), Pet Valu (80%), Copperleaf Technologies (59%)Continue Reading