MLT Aikins played a role in more initial public offerings (IPOs) than any other law firm in Canada in 2022, according to the latest Canadian IPO Report from CPE Analytics.
Last year saw a total of 114 IPOs completed on four Canadian stock exchanges, including IPOs of capital pool companies (CPCs) and special purpose acquisition companies (SPACs), raising $1.68 billion in capital.
MLT Aikins was Canada’s most active law firm in the IPO space, working on 14 of the IPOs completed throughout the year, including multiple IPOs in the mining sector. Mining companies led the year in IPO activity by volume, with 31 IPOs representing 74% of total number of non-CPC/SPAC IPOs. 21 of the 31 IPOs were completed on the Canadian Securities Exchange (CSE).
The Toronto Stock Exchange led the way for capital raising, with 5 IPOs raising a total of $1.51 billion, followed by the TSX Venture Exchange (82 IPOs raising $144 million), the Canadian Securities Exchange (26 IPOs raising $29 million) and the NEO Exchange (one IPO raising $2 million).
MLT Aikins was pleased to be the top-ranked law firm for IPOs in Canada in 2022. Our lawyers have extensive experience advising clients in a variety of industries on raising capital. Learn more about our Corporate Finance & Securities team.