Mar 12, 2022 | Weekly Cache
In light of ongoing market volatility, last week was unsurprisingly quiet in Canadian public markets. That said, Portage Ventures closed $788.5 million for its third FinTech fund, which could now be one of the largest early-stage FinTech-focused venture funds in the...
Mar 5, 2022 | Weekly Cache
CGI (GIB’A-TSX, GIB-NYSE) announced its intent to repurchase 3.97 million of its shares held by CDPQ for $100/sh, from our sell side analyst days, CGI has previously purchased back stock from BCE, and has typically bought back stock on the open market as well....
Feb 26, 2022 | Weekly Cache
Public markets remain extremely volatile, as demonstrated by the 7%+ intra-day swing in the NASDAQ Composite on Thursday, February 24th. Against, this backdrop, Waterloo based eSentire will be valued at US$1.1 billion following $325 million deal. In addition, we...
Feb 19, 2022 | Weekly Cache
Even as public markets remain choppy, we counted Canadian VC funding totaling almost $600 million in the past week. Public markets remain unforgiving, as evidenced by Shopify’s steep share price decline this past week. With fintech stocks down 40%, Chime delays its...
Feb 12, 2022 | Weekly Cache
Vancouver quantum computing startup D-Wave is going public on the New York Stock Exchange via a SPAC, which is anticipated to raise $431 million in gross proceeds. Meanwhile, Venture investment in Canada’s tech sector exploded in 2021, according to a new Silicon...
Feb 5, 2022 | Weekly Cache
This past week witnessed one of the most volatile stock reactions for multiple stocks on earnings we recall seeing. Amazon repurchased ~US$1.3 billion of its stock in January, the first buyback in a decade. After getting smashed earlier this year, Peloton stock shot...
