In the first half of the year, MLT Aikins advised on initial public offerings (IPOs) that raised more than $8 million in gross proceeds – more than any other law firm in Canada, according to a report.
There were 34 Canadian IPOs that closed on Canadian exchanges in the first half of the year, raising a total of $172 million, CPE Analytics reported earlier this month. MLT Aikins advised on six of those IPOs, which raised $8.2 million – a greater total than any other law firm in Canada, according to CPE.
The mining industry led all other sectors, with 12 IPOs raising a total of $157 million, or 91% of all IPO proceeds in the first half. Eleven of those listings were on the Canadian Securities Exchange. British Columbia had more IPOs than any other province, with 24 listings raising a total of $11 million.
Of the 34 IPOs in the first half, 21 were listings of capital pool companies and special purpose acquisition companies, which raised a total of $9 million, CPE reported.
MLT Aikins has wide-ranging experience advising clients in the mining sector and other industries on public and private offerings. Learn more about our Corporate Finance & Securities Group.