The Globe and Mail reports in its Tuesday edition that the song Zombie by the Cranberries had just been released the last time Canada's market for initial public offerings of stock had a year as bad as 2023. The Globe's Jameson Berkow writes that with Lithium Royalty being the only IPO of note this past year, a recent Bank of Nova Scotia report declared this has been Canada's "worst year since at least 1994." Almost three decades later, Zombie could reasonably express the current state of the Canadian IPO market. However, the national outlook for IPOs in 2024 can perhaps best be expressed by the title of another popular song from 1994: Green Day's When I Come Around. Companies that had wanted to go public in 2023, or even earlier, have started rebuilding their IPO plans. While many of the technology businesses that went public during the market frenzy of 2021 have since struggled to survive, the tech sector is nonetheless expected to lead the eventual IPO rebound. The S&P/TSX Capped Information Technology Index rose 53 per cent in 2023, as of late December, which Rob Peterman, chief commercial officer for Toronto Stock Exchange at owner TMX Group, said is a sign that investor interest in the sector is returning.