The six new issues each raised proceeds of
The second quarter performance was up from the
The change in fortune for the IPO market in the quarter suggests a window has opened for new equity issues from quality companies from across industries, says
"The stars have aligned for companies with sound businesses and a good story to tell," says Braunsteiner. "The quarter sent us a clear signal: There is growing optimism in the market, there is the expectation of reasonable economic growth and there are investors seeking opportunities in companies with both growth potential and established revenues. The window is open for companies ready to take advantage of this market.
"The variety of sectors giving us IPOs in the quarter speaks to the generally positive climate," adds Braunsteiner. "New issues from the oil and gas sector, the manufacturing and technology sectors and from financial services suggest investors are looking across the spectrum for good opportunities.
The improvement of IPO activity on the TSX failed to drag the TSX Venture out of its slump. There were no new issues on the TSX Venture exchange in the second quarter of 2014 and just two IPOs in the first quarter - a sign that junior mining companies continue to struggle to attract investment in a period of commodity price volatility.
Total proceeds for the first six months of this year reached more than
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