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Post/CP say TSX-V lagging far behind TSX in IPOs

2014-07-03 09:07 ET - In the News

See In the News (C-*TSE) Toronto Stock Exchange

The Financial Post reports in its Thursday edition Canada's market for initial public offerings bounced back in the second quarter following a near collapse at the start of the year. A Canadian Press dispatch to the Post says according to a report by accountant PwC, the second quarter saw six new issues, which raised $2.3-billion on the Toronto Stock Exchange. The companies were led by PrairieSky Royalty, which raised $1.4-billion, the largest single placement since the $1.3-billion Athabasca Oil raised in 2010. The second quarter was in sharp contrast to the first quarter, which saw no new offerings on the TSX. The optimism did not translate to the TSX Venture Exchange, home to many small resource companies. PwC says the junior market did not see any new issues in the second quarter. In the first quarter, the TSX-V had two new issues worth a rather sad $3.8-million.

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