Shares in Toronto-based E Automotive reached a daily high of $26.06 before falling back to $23, its offering price. Meanwhile, Kitchener-based D2L’s rose slightly in their respective first days of trading. (The Logic)
Shares in Toronto-based E Automotive reached a daily high of $26.06 before falling back to $23, its offering price. Meanwhile, Kitchener-based D2L’s rose slightly in their respective first days of trading. (The Logic)
Shares in Toronto-based E Automotive reached a daily high of $26.06 before falling back to $23, its offering price. Meanwhile, Kitchener-based D2L’s rose slightly in their respective first days of trading. (The Logic)
Talking point: D2L filed to go public in mid-October, aiming to raise about $200 million if an over-allotment option was not exercised. It later downsized to $150 million. E Automotive aimed to raise about $125 million. It later priced its shares at the highest end of its expected $19 to $23 range and for a nearly $136-million raise, assuming no over-allotment option. The market has been mixed for Canadian tech IPOs recently. Toronto’s Q4 also downsized its IPO last month and, after a lacklustre debut, its shares have mostly remained below their $12 offering price. Vancouver’s Copperleaf, however, shined in its debut in early October and its shares continue to do well. Montreal’s Sharethrough, which recently priced its expected IPO at between $15 and $19 for a roughly $75-million raise, has yet to start trading. Meanwhile, shares in Toronto-based crypto exchange CoinSmart, which debuted yesterday on the Neo Exchange, dipped slightly on their second trading day.
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