Canadian Equity Capital Markets Show Signs of Recovery After Hitting 22-Year Low in 2022

Enbridge's $4.6 billion equity raise propelled Canadian ECM issuance to a 2-year high in Q3 2022.
Bankers optimistic about revival in Canadian ECM activity into 2023/2024 after recent deals.
Canadian ECM fell to 22-year low in 2022; IPOs at 3-year low.
Recent strength in U.S. IPOs raises hopes for Canadian deals.
But uncertain macro environment still limiting issuance; IPO market seen 12-18 months away from fully rebounding.

yahoo.com

Relevant topic timeline:

9/13/2023

A Handful of Big IPOs Generate Optimism But Full Market Rebound Still a Ways Off

Four upcoming IPOs, including Arm, Birkenstock, Instacart, and Klaviyo, have generated hope for the struggling IPO market, but experts believe that it is not indicative of a strong resurgence in the market and predict that it will take until 2024 or 2025 for the market to fully rebound.

9/29/2023

Major September IPOs Spark Hopes for Slowing Market Recovery Despite Post-IPO Volatility

Bankers and investors are hopeful for a recovery in the IPO market after a busy September that saw a surge in major market debuts, although they expect a gradual reopening rather than a flood of new deals.

10/3/2023

ICR Capital Sees Continued IPO Activity Despite Challenging Markets

Despite a challenging market backdrop in the third quarter, the equity capital markets saw robust activity with several successful IPOs and a significant increase in sponsor monetization offerings, signaling positive momentum for future market activity.

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.

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Posted 9/26/2023, 10:37:55 AM