Lithium Royalty Corporation’s president and CEO discusses listing success and the business model that allowed it to buck the trend
There are no two ways about it: 2023 was not a good year for Canadian IPOs.
There were 21 corporate IPOs in total across three of the country’s stock exchanges (the Toronto Stock Exchange (TSX), the TSX Venture exchange and the Canadian Securities Exchange) – excluding listings of capital pool companies (CPCs), special purpose acquisition corporations (SPACs), ETFs and closed-end funds – last year, according to data collected by CPE Analytics. Only one of these was carried out on the TSX: the IPO of Lithium Royalty Corp, which in March 2023 went public with a valuation of C$150 mn ($110 mn).
What made a difference for the revenue-focused firm that specializes in acquiring royalties on lithium assets worldwide was its business model, says…
