13:41:31 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Kinaxis Inc
Symbol KXS
Shares Issued 23,611,340
Close 2014-10-23 C$ 16.00
Market Cap C$ 377,781,440
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Globe says Kinaxis, Lumenpulse ride the IPO market

2014-10-24 08:48 ET - In the News

Also In the News (C-LMP) Lumenpulse Inc

The Globe and Mail reports in its Friday, Oct. 24, edition that the initial public offering market has taken off in a big way this year, says BMO Nesbitt Burns director David Wismer. The Globe's Niall McGee writes that in the United States there have been 48 new public technology company listings so far in 2014, worth $38-billion (U.S.). During the entirety of 2013, only 43 tech companies listed on U.S. exchanges, raising a mere $9-billion (U.S.). Canada is no slouch either, boasting a number of marquee tech sector IPOs this year. In June, Kinaxis raised $116-million (Canadian), making it the biggest one on the TSX this year. In April, Lumenpulse Lighting went public and took in $115-million (Canadian). Mr. Wismer says that one of the best pieces of advice he can give any company considering a public listing is, wait. Stay private and wait to do an IPO until the company is big enough, he argues. That might seem like odd advice from a banker, but Mr. Wismer says that by waiting until a company reaches a decent size, the public appetite for an offering will be that much greater. One of the best ways to guarantee liquidity is to get big. He says, "Size does matter."

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