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Mining resurgence propel CC$5.1bn Canadian IPO market

The 2017 market for initial public offerings (IPOs) in Canada raced across the finish line to post a CC$5.1-billion five-year record for total proceeds raised from new equity issues, the annual PwC survey has revealed. Driven by heavy activity in the mining sector, a strong final quarter of 2017 raised C$1.7-billion in new equity from 13 new issues, the PwC survey showed, helping to lift the full-year tally to C$5.1 billion from 38 issues from Canadian companies or companies listing on Canadian exchanges. The fourth quarter tally includes the C$728-million dual listing of Luxembourg-incorporated Nexa Resources on the TSX and the NYSE.

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