I wouldn’t call it a downpour just yet, but the Canadian Technology IPO market might just be getting some traction. When I told you a few months ago that two Tech companies were “on the launch pad”, I had that right. What I had wrong was that the two companies were Halogen Software and Virgin
It was just yesterday when the Wall Street Journal was getting me all amped up about the U.S. IPO market, and what it might mean for the folks back here in the Dominion: Another sign of rising investor appetite for stocks: More initial public offerings are being priced at the high end of expectations. In
According to one research analyst yesterday, NexJ Systems (NXJ:TSX) “could begin to work in H2/13″, although the stock remains a “Hold” in the interim. At $3.85/share, with a market cap. of $77 million, the investor experience with the NexJ IPO may have a bearing on the handful of Canadian tech companies that are thinking about
The window, at last, could be opening. If you’ve got your ear close to the ground on Bay Street, you might have heard rumblings that two Canadian-based tech initial public offerings are moving to the launch pad. First up may well be Halogen Software, an Ottawa-based software company in the human resource talent management space.
As promised on Twitter, here is a link to the presentation I gave earlier today at the 2012 Cantor Fitzgerald Technology Conference in Toronto. Cantor Conference Presentation Sept 27-12 Cantor had a great turn out, which hopefully speaks to a growing interest in Canadian tech stories on the part of portfolio managers. Also presenting were