CPE Analytics has released Q1 2025 Canadian initial public offering (IPO) results.
Four Canadian IPOs completed in first quarter (Q1) of 2025 for aggregate gross proceeds of $1.62 million: two each on the Canadian Securities Exchange (CSE) and the TSX Venture Exchange (TSX-V), for aggregate gross proceeds of $1.1 million and $0.52 million respectively.
Two TSX-V IPOs are capital pool company (CPC) IPOs.
All four IPO companies are based in Vancouver, BC.
Q1 2025 ranked the worst Q1 in Canadian IPO history since 2016. The previous worse Q1 was in 2016 in which 6 IPOs completed for aggregate gross proceeds of $6.59 million. Excluding CPC/SPAC IPOs, Q1 2025 (2 IPOs for $1.1 million) ranked as second worse Q1, slightly better than Q1 2016 in which a single IPO raised $0.57 million in gross proceeds.
Overall, Q1 2025 ranked the second worse quarter in Canadian IPO history, ahead of Q3 2016 in which 2 IPOs raised aggregate gross proceeds of…
