Cannabis activity may have been the biggest news story of 2018, but it appears developments on the Canadian Securities Exchange was where investors were dedicating their time, along with activity among junior miners.
Consulting firm PwC Canada reported on Thursday that the initial public offering market in Canada totalled $2.2 billion in 2018, which was less than half the total compared to the year before.
There were 54 new equity issues across four exchanges in 2018, while 2017 saw 37 IPOs that raised $5.1 billion.
Ceridian HCM Holding Inc. (TSX: CDAY) grabbed the largest IPO of the year at $462 million in Q2, followed by MAV Beauty Brands Inc. (TSX: MAV) at $241 million and Altagas Ltd. (TSX: ALA) with $239 million.