It has now been an entire year since there has been an initial public offering (IPO) in Canada.
The Toronto Stock Exchange has not seen a new listing since Lithium Royalty Corp. (LIRC) went public in March 2023, raising $150 million from the share offer.
Lithium Royalty’s stock has since plunged 54% and now trades at $7.35 per share.
Most analysts on Bay Street say they don’t see a recovery in Canada’s IPO market before the second half of this year, at the earliest.
The lack of new listings comes as the U.S. IPO market begins to heat up again and is raising concerns about the health of Canada’s equity markets as a place for companies to raise capital.
Already this year, companies have raised $7.2 billion U.S. via IPOs on American stock exchanges, with Amer Sports (AS) $1.6…
