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Dismal 2016 the worst year for Canadian IPO market, PwC survey shows (January 3, 2017)
A trickle of new issues in the fourth quarter saved 2016 from being a complete washout for initial public offerings on Canada's largest equity exchange but couldn't redeem the year as the worst in the nearly 20-year history of the PwC survey of the IPO market.
The $400 million Aritzia Inc. IPO in October was one of just three new issues on the TSX during the entire year and one of only eight new issues on all exchanges in Canada during 2016, the annual PwC survey revealed. Two other small issues on the TSX in the final months of the year brought the quarterly and annual tally for Canada's senior exchange to $464 million.
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