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Q2 2018 Canadian IPO Market Review: IPO market open for business

Published on: Aug 02, 2018

In Canada, IPO activity in Q2 increased as compared to the prior quarter in terms of IPOs completed. As market volatility from mid-February continued to ease and the results from the Ontario provincial elections were finalized, five issuers hit the market in the second quarter. Nevertheless, there remains a meaningful backlog of Canadian companies that are getting ready to access the markets as we enter the traditionally busy fall IPO window.

While the equity markets are expected to remain generally constructive for the remainder of 2018 in terms of new issuance activity, the ongoing trade wars and tariff escalation are expected to act as an overhang on the global economic outlook with uncertainty with respect to the impact these actions will have on corporate earnings. Nevertheless, issuers and financial sponsors are expected to remain optimistic about the back half of 2018 for IPOs and monitor the equity markets closely.

Read more about key themes, who went public, and what we look forward to in the remainder of 2018.

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