New equity issues on the Toronto Stock Exchange fell 54% in the first half of the year, with the market for initial public offerings stuck in a major slump.
Companies raised a total of C$5.4 billion ($4.1 billion) on Canada’s largest equity exchange in six months, compared with C$11.8 billion in the same period a year earlier, parent TMX Group Ltd. said Tuesday.
Just C$386 million was raised in initial public offerings, down 80%. One IPO of more than C$100 million was completed, according to data compiled by Bloomberg — Lithium Royalty Corp.’s offering in March.
Read the full story on Bloomberg here.