Canadian Investors Bullish On IPO
Latest data published on friday by TMX group indicates that Canadian investors are bullish on IPO’s as the value of initial public offering (IPO) made at the Toronto Stock Exchange has jumped 124.4 percent in 2010 to $ 10.7 billion.
During the last months of 2010, the TSX has welcomed 25 new issues, 19 of which made an IPO, as against 16 in December 2009, nine of which made an IPO.$1.3 billion offering of Athabasca Oil Sands Corp was the largest issue of 2010.
For 2010, the number of new issuers to the TSX was $ 185, with 142 conducted an IPO, compared to 107 new issuers, including 72 who made an IPO in 2009.