The Financial Post reports in its Thursday edition that Canada's top stock exchange has seen just one initial public offering this year, which has not performed well. A Bloomberg dispatch to the Post reports that GO Residential REIT, a luxury apartment owner in New York City, has seen its shares drop 15 per cent since raising $410-million (U.S.) in a July IPO on the Toronto Stock Exchange. The shares fell immediately despite strong investor interest. This marks only the second IPO on the TSX since 2022, a year that saw a slowdown in new listings due to rising interest rates. While sectors like artificial intelligence and cryptocurrency have helped to revive the U.S. market this year, that has not happened in Canada. However, GO Residential is not alone: Of the handful of TSX IPOs in the last four years, some have slid or traded flat in their first month, even if the gains come later. Despite the hit to its valuation, GO Residential president Matthew Keller told Bloomberg the firm remains confident in its outlook. He said, "While we are disappointed in unit price performance to date, we are also cognizant of the fact that broader market volatility and sentiment tend to play an outsized role when it comes to new issues."