Deals
Stock Sales in Canada Near Record as Resource Firms Power Deals
- RBC, TD lead in arranging equity sales fueled by acquisitions
- Total raised is second-best behind first six months of 2015
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Canadian companies raised C$28.5 billion ($22 billion) in domestic stock sales in the first half of the year, the second-highest on record for the period, as some of the country’s biggest resource firms tapped equity markets to pay for acquisitions.
Six deals valued at more than C$1 billion accounted for almost half the total amount of equity financing in the first six months. The amount raised this year in Canadian initial public offerings, secondary sales and equity-linked securities trails only the C$30.1 billion collected in the first half of 2015, according to data compiled by Bloomberg.