(PRWEB) October 06, 2012
Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC reports a quarterly survey of IPO activity in Canada by PwC suggests activity in the balance of the year could yet redeem a lackluster 2012.
Big4.com notes that in the first three quarters of this year, 39 IPOs were registered on all Canadian exchanges with a total value of $441 million, including three new issues of equity valued at $397 million on the TSX, according to the survey. Those figures are down from the first three quarters of 2011, when all Canadian exchanges registered 54 new equity issues with a value of $1.9 billion (14 IPOs on the TSX for $1.7 billion).
However Big4.com also notes the slow pace of new issues could all change in the fourth quarter if a few of the current market roadblocks are cleared, according to Dean Braunsteiner, PwC national IPO services leader.
“There are some very significant IPOs in the pipeline that could revive the total IPO market and turn around the year, but it will require the resolution of some thorny issues beyond our borders,” he said.
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