AnalytixInsight

After around 15 years of covering Canadian technology stocks, we’re very encouraged to begin see an increasing number of high quality Canadian companies go public or consider going public, which enables average investors to benefit from innovation driven wealth creation. In this regard, we’ve recently seen news pertaining to BBTV, Cymax and Nuvei.

Last week saw healthy levels of financing across the Canadian tech ecosystem, in both public and private markets. South of the border, Roblox should be an interesting stock to watch out for. Newsflow seems to be focused more on regulatory issues, and the CEOs of Facebook, Google, Twitter are expected to testify to the U.S. Senate before the election.

IPO activity in the USA cooled a bit after a few heated weeks, while M&A kept chugging along. In Canada, publicly listed technology companies announed ~$85 million in bought deals.

It’s great to see Nuvei have a successful IPO on the TSX last week — we believe robust IPOs are a very important part of the Canadian public markets ecosystem, even as US capital markets rediscover SPACs. Canadian VC also reported strong activity.