The bank’s capital-markets division managed 17 deals with a total value of $1.35 billion. Canadian firms undertook 173 initial public offerings with a total value of $11.9 billion, per Bloomberg data. (Bloomberg)
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The bank’s capital-markets division managed 17 deals with a total value of $1.35 billion. Canadian firms undertook 173 initial public offerings with a total value of $11.9 billion, per Bloomberg data. (Bloomberg)
Talking point: Canaccord Genuity Group had held the top spot for the previous two years, and RBC last did so in 2017. “The markets were perfectly placed for IPOs,” Nitin Babbar, the division’s global co-head of equity capital markets for Canada told Bloomberg in December, citing low rates, investor interest in new companies and other factors. Tech companies—including Quebec City’s Coveo Solutions, Toronto’s E Automotive and Kitchener. Ont.’s D2L—made up a big portion of last year’s IPOs, and one analyst said he expects that to continue this year. The Toronto Stock Exchange had a record 152 IPOs in the first 11 months of 2021, as my colleague Anita reported, but the public offerings produced mixed results for 20 top innovation-economy companies.
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