Canadian IPO 2020 mixed results

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The 2020 IPO numbers represent a 29% decrease in the total number of IPOs and a 116% increase in the total amount or, excluding CPC / SPAC IPOs, a 7% decrease in the total number of IPOs and a 605% increase in the total amount from 2019.

With the exception of CPC / SPAC IPOs, CSE continues to dominate all Canadian exchanges with 25 IPOs (58%), compared to 31 IPOs (67%) in 2019.

Mining issuers lead all sectors with 23 IPOs for $ 324 million, representing respectively 53% and 7% of the total number of non-CPC / SPAC IPOs and the total amount.

4 Private Equity (PE) and 2 Venture Capital (VC) IPOs dominated the total amount, increasing $ 3,395 million and $ 144 million respectively, or $ 3,539 million in total, representing 64% of the total IPO amount or 73% of the total IPO amount excluding CPC / SPAC.

Breakdown of 2020 IPOs by stock exchange (Non-CPC / SPAC)

  • CSE – 25 IPOs for $ 43 million (25 IPOs for $ 43 million)
  • TSX – 11 PAPE for $ 4,726 million (10 IPOs for $ 4,460 million)
  • TSX Venture Exchange – 39 IPO for $ 364 million (8 IPOs for $ 350 million)
  • NEO – 2 IPOs for $ 421 million (nothing)

Canadian IPO Ranking Table 2020 – Top 8 Law Firms (by number of IPOs only)

All IPO rankings (#, total value of the IPO)

  1. Miller Thomson srl (13, $ 17 million)
  2. Blake, Cassels & Graydon LLP (11, $ 1,549 million)
  3. DuMoulin Black LLP (8, $ 17 million)
  4. Cassels Brock & Blackwell LLP (7, $ 38 million)
  5. Harper Gray LLP (7, $ 10 million)
  6. MLT Aikins srl (7, $ 5 million)
  7. Peterson McVicar LLP (7, $ 2 million)
  8. Borden Ladner Gervais SENCRL, SENCRL (6, $ 12 million)

Non CPC / SPAC IPO Ranking (#, total value of the IPO)

  1. Blake, Cassels & Graydon LLP (8, $ 861 million)
  2. Miller Thomson LLP (7, $ 16 million)
  3. Stikeman Elliott LLP (5, $ 2,165 million)
  4. DuMoulin Black LLP (5, $ 16 million)
  5. Harper Gray LLP (5, $ 10 million)
  6. Cassels Brock & Blackwell LLP (4, $ 37 million)
  7. Vantage Law Corporation (4, $ 6 million)
  8. Lotz & Company (4, $ 2 million)

Canadian IPO Ranking Table 2020 – Top 13 Underwriters (by number of IPOs only)

All IPO rankings (#, total value of the IPO)

  1. Canaccord Genuity Corp. (26, $ 2,535 million)
  2. Haywood Securities Inc. (24, $ 25 million)
  3. BMO Nesbitt Burns Inc. (12, $ 4.651M)
  4. Scotia Capital Inc. (9, $ 4,349 million)
  5. CIBC World Markets Inc. (8, $ 4,372 million)
  6. Leede Jones Gable Inc. (8, $ 12 million)
  7. Raymond James Ltée (7, $ 4,053 million)
  8. TD Securities Inc. (7, $ 4,045 million)
  9. National Bank Financial Inc. (7, $ 4,039 million)
  10. Industrial Alliance Valeurs Mobilières inc. (7, $ 1,017 million)
  11. Mackie Research Capital Corporation (7, $ 9 million)
  12. RBC Dominion Securities Inc. (6, $ 4,006 million)
  13. Stifel Nicolaus Canada Inc. (6, $ 3,623 million)

Non CPC / SPAC IPO Ranking (#, total value of the IPO)

  1. Canaccord Genuity Corp. (17, $ 1,846 million)
  2. BMO Nesbitt Burns Inc. (12, $ 4,651 million)
  3. Haywood Securities Inc. (9, $ 20 million)
  4. Scotia Capital Inc. (9, $ 4,349 million)
  5. CIBC World Markets Inc. (8, $ 4,372 million)
  6. Raymond James Ltée (7, $ 4,053 million)
  7. TD Securities Inc. (7, $ 4,045 million)
  8. National Bank Financial Inc. (7, $ 4,039 million)
  9. RBC Dominion Securities Inc. (6, $ 4,006 million)
  10. Stifel Nicolaus Canada Inc. (6, $ 3,623 million)
  11. Leede Jones Gable Inc. (6, $ 12 million)
  12. Mackie Research Capital Corporation (6, $ 8 million)
  13. Desjardins Securities Inc. (5, $ 952 million)

Top five Canadian IPOs of 2020 (Canadian and foreign exchanges)
Three of the first five Canadian IPOs were made on the NASDAQ stock exchange. The first five are backed either by private equity firms or by venture capital firms.

Transmitter

Supported

Closing date

$ raised (in millions)

Exchanges)

Assessment * (Mil $)

GFL Environment Inc.

PE

2020-03-05

$ 1,425 (United States)

TSX / NYSE: GFL

$ 6,416 (US)

Nuvei Company

PE

2020-09-22

$ 805 (United States)

TSX: NVEI

$ 3,390 (United States)

AbCellera Biologics Inc.

CV

2020-12-15

$ 555 (United States)

NASDAQ: ABCL

$ 5,384 (United States)

Therapeutic Repair Inc.

CV

2020-06-23

$ 253 (US)

NASDAD: RPTX

$ 700 (United States)

Fusion Pharmaceuticals Inc.

CV

2020-06-30

$ 213 (US)

NASDAQ: FUSN

$ 708 (US)

Summary of the report
The summary of the 2020 Canadian IPO report can be downloaded from financements.ca https://www.financements.ca/rapports/

About CPE Analytics

CPE Analytics, through financements.ca, is from Canada any provider of public and private funding data. We offer comprehensive data coverage and analysis on private and public finance, IPOs, mergers and acquisitions, and VC / PE fundraising. More information: https://cpeanalytics.ca

CPE Analytics is a division of CPE Media Inc., from Canada all funding news and data provider.

SOURCE CPE Media inc.

For further information: Ted Liu, President, CPE Media Inc., [email protected], 647-782-8818

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