Canadian IPO market freezes for tech firms in first quarter of 2022

By Aleksandra Sagan Apr 20, 2022

VANCOUVER — After a record-breaking year for initial public offerings on the Toronto Stock Exchange, the first quarter of 2022 saw a significant slowdown in activity. Not a single innovation-economy company—one that would list in the technology, life-sciences or cleantech sectors—went public through an IPO, according to data from TMX Group, the owner of Canada’s biggest stock exchanges. Seven did so in the first quarter of 2021.

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