Bloomberg: IPOX® CEO Josef Schuster on Canada’s IPO Market

Josef Schuster, founder and CEO of IPOX Schuster LLC, was recently featured in Bloomberg, where he highlighted a renewed sense of optimism in Canada’s IPO market following the C$300 million public debut of Groupe Dynamite Inc. on the Toronto Stock Exchange. The IPO, which is Canada’s largest since early 2022, is being viewed as a turning point for the country’s equity capital markets, which have experienced a prolonged drought in activity.

Schuster emphasized that the successful debut signals growing investor confidence, not just in IPOs but in broader equity capital market opportunities. “The ice is breaking on equity capital markets deal flow, including IPOs,” Schuster remarked, referencing the momentum shift after years of muted activity.

The IPOX® Canada Opportunities Index, which tracks the performance of Canada’s most promising equity capital market opportunities, has delivered a strong 36% return to date, outperforming the S&P/TSX Composite Index. By expanding its scope to include spin-offs, secondary offerings, and other ECM transactions alongside IPOs, the index has adapted to reflect Canada’s evolving market landscape.

“Our business in Canada, if we did IPOs only, would have been a struggle. So we had to adjust,” Schuster told Bloomberg. This flexibility has allowed IPOX to continue providing a meaningful benchmark for identifying growth opportunities in the Canadian market. The IPOX® Canada Opportunities Index’s outperformance this year suggests it is capturing key trends in this renewed market environment.

Schuster also noted that Groupe Dynamite’s IPO, despite an initial decline in share price, is an encouraging sign for private companies considering public listings. The transaction is expected to embolden investment bankers and sponsors to intensify discussions about future IPOs, paving the way for increased activity in 2025.

Read the full article on the Bloomberg Terminal:
https://blinks.bloomberg.com/news/stories/SNBREKDWX2PS