21 Canadian initial public offerings (IPOs) completed on Canadian exchanges and NASDAQ and raised $172.8 million in gross proceeds for Q1 ended March 31, 2023.
Excluding Capital Pool Company (CPC) IPOs, 10 Canadian IPOs completed for gross proceeds of $167.2 million.
Q1 2023 Canadian IPO Summary
- Lithium Royalty Corp.’s $150 million, first IPO since June 2022 on TSX, accounted for 87% of total IPO amount
- Canadian Securities Exchange (CSE)’s 8 IPOs accounted for 38% of total Canadian IPOs or 80% of IPOs excluding CPC IPOs
- TSX Venture Exchange IPOs were straight CPC IPOs
- Lucy Scientific Discovery Inc.’S US $5.8 million NASDAQ IPO was the sole Canadian IPO Listed on foreign exchange
Q1 2023 Canadian IPOs by Exchange
|Exchange||# IPOs||Gross Proceeds ($M)|
Source: Canadian Financings, CPE Analytics