Canada’s IPO market could be poised for a resurgence as major companies consider going public. Montreal’s Groupe Dynamite recently launched an IPO, targeting a $2.3 billion valuation, while firms like SRTX and Apotex explore similar moves.
National Bank’s Daniel Nowlan reports increased interest among Canadian firms following large U.S. IPOs, amid steady S&P 500 conditions and $6.59 trillion in U.S. money market funds. EY’s Nabeel Pabani noted that, unlike the 2021 tech IPO wave, today’s interest is more cautious, prioritizing profitability. TMX’s Catherine Kee says companies are “ready to go” when conditions align.
Want to know more? Check out the source code on The Logic.