Initial public offerings have been one of the biggest themes in financial markets on both sides of the border so far this year, with Elon Musk’s Space Exploration Technologies Corp. completing the largest IPO in history and drugmaker Apotex Health Corp. having the biggest IPO in Canada since 2021.
The gap between the two deals is enormous, but bankers and lawyers advising Canadian dealmakers are encouraged to see IPOs returning to Canada after a prolonged slowdown between 2022 and 2024.
Overall, Canada’s financial sector raised about $376 billion through 586 deals in the first six months of 2026, up 21.5 per cent from the $309.3 billion raised in the first half of 2025, according to Financial Post Data. The strong start puts the sector on track to surpass the $597 billion recorded in 2025, the highest annual total since 2010. — Naimul Karim, Financial Post
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