MLT Aikins played a role in more initial public offerings (IPOs) than any other law firm in Canada during the first half of the year, according to the latest Canadian IPO Report from CPE Analytics.
A total of 28 IPOs were completed on four Canadian stock exchanges in the first half, raising $1.27 billion in capital. When accounting for special purpose acquisition corporations (SPACs) and capital pool companies (CPCs), those numbers rose to 76 IPOs and $1.62 billion, respectively.
MLT Aikins was Canada’s most active law firm in the IPO space, working on 12 of the IPOs completed in the first half, including multiple IPOs in the mining sector. Mining companies dominated first-half IPO activity by volume, with 19 IPOs raising a total of $269 million.
The Canadian Securities Exchange led all exchanges with 16 IPOs – 13 of which were mining IPOs – that raised a total of $19 million. The Toronto Stock Exchange had five IPOs (including two SPACs/CPCs) that raised $1.5 billion, the TSX Venture Exchange had 54 IPOs (including 46 SPACs/CPCs) that raised $65 million and the NEO Exchange had one IPO that raised $2 million.
MLT Aikins was pleased to be the top-ranked law firm for IPOs in Canada in the first half of the year, and among the top-ranked firms in Canada last year. Our lawyers have extensive experience advising clients in a variety of industries on raising capital. Learn more about our Corporate Finance & Securities team.