Posted 9/26/2023, 10:44:00 AM

Enbridge's Equity Raise Boosts Optimism for Canadian IPO Market Revival

Enbridge's $4.6 billion equity raise and recent U.S. deals have increased optimism for a revival in Canadian equity markets.
Canadian equity issuance hit a 22-year low in 2022 but Enbridge's deal helped boost Q3 figures.
Recent large U.S. IPOs like Klaviyo, Arm and Instacart have performed well initially, raising hopes.
Many companies are restarting IPO plans but uncertain macro environment means no rush of deals expected.
Market is better than 6 months ago but not fully recovered yet - could be 12-18 months before robust IPO market.

reuters.com

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10/9/2023

Enbridge Stock Lags Market Ahead of Earnings With Revenue Decline Expected

Enbridge's stock price increased by 1.73% and outperformed the S&P 500, Nasdaq, and Dow; however, it has experienced a loss of 5.13% over the past month, causing investors to closely watch its upcoming earnings release.