CPE Analytics releases first half of 2020 Canadian IPO report

CPE Analytics

CPE Analytics today released the first half of 2020 Canadian initial public offering (IPO) report.

Among the findings:

  • 35 IPOs completed on CSE, TSX, TSX Venture and NEO for $2.48 billion in gross proceeds, or 17 IPOs for $2.12 billion, if Capital Pool Company (CPC) ad Special Purpose Acquisition Corporation (SPAC) IPOs were excluded.
  • CSE led all Canadian Exchanges in total number of non-CPC/SPAC IPOs, accounting for 15 of 17 non-CPC/SPAC IPOs (88%), 43% of all IPOs.
  • BC Partners, Ontario Teachers’ Pension Plan, and GIC Private backed GFL Environmental Inc. (TSX/NYSE: GFL), raised $1.9B in a cross-border IPO, representing 90% of all non-CPC/SPAC amount or 77% of all IPO amount.
  • Mining issuers, all of them on CSE, accounted for 56% of total number of non-CPC/SPAC IPOs or 28% of all IPOs.

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