That $202 million was $597 million lower than the previous low of $799 million, recorded in 2016.
Excluding capital pool company (CPC) and special purpose acquisition corporation (SPAC) IPOs, there were just 21 IPOs in 2023, raising a total of $189 million.
According to a release from CPE Analytics, the Canadian Securities Exchange (CSE) led all non-CPC/SPAC IPOs with 18 IPOs (86% of the total number of non-CPC/SPAC IPOs, or 35% of total number of IPOs).
Mining led the way with 16 IPOs, 15 of which were completed on CSE.
Lithium Royalty Corp. — a private equity backed company — was the sole IPO on the Toronto Stock Exchange, raising $150 million and accounting for 74% of the total IPO amount.
Florida-based Sucro Limited’s IPO was the only non-Canadian IPO on the three Canadian financial exchanges.
The top underwriters in Canadian-exchange IPOs in 2023 were Haywood Securities Inc. (11 IPOs, raising $6.7…
