Belair / Ericsson deal a wake-up call for every Institutional Sales Desk
The story of BelAir Networks is instructive on so many levels. We take pride in the outcome given our 2007-era $5.5 million financing, of course, but as with every good exit in our world, CEO Bernard...
View ArticleOSC needs to raise bar on Fund disclosure rules
Would it surprise you that the disclosure rules for a $300 million closed end fund Initial Public Offering on the Toronto Stock Exchange are more lax than for a $30 million company IPO? Investment...
View ArticleEloqua’s pending NASDAQ IPO a secret Toronto success story
It has been seven years since anyone publicly referred to software co. Eloqua as a “Toronto-based” tech company. Last Friday, Fortune’s Dan Primack let the world know that Eloqua’s planned NASDAQ IPO...
View ArticleCantor Fitzgerald to acquire Versant Partners
Summer has been tough on most local brokerage firms, big or small. Trading is down, and their aren’t too many growth capital financings to be had. But one firm has been quitely building their plan for...
View ArticleCantor Fitzgerald Tech Conference
As promised on Twitter, here is a link to the presentation I gave earlier today at the 2012 Cantor Fitzgerald Technology Conference in Toronto. Cantor Conference Presentation Sept 27-12 Cantor had a...
View ArticleTwo Tech IPOs moving to the launch pad
The window, at last, could be opening. If you’ve got your ear close to the ground on Bay Street, you might have heard rumblings that two Canadian-based tech initial public offerings are moving to the...
View ArticleWhat impact will NexJ have on the next crop of Canadian tech IPOs?
According to one research analyst yesterday, NexJ Systems (NXJ:TSX) “could begin to work in H2/13″, although the stock remains a “Hold” in the interim. At $3.85/share, with a market cap. of $77...
View ArticleHalogen IPO filing gives Canadians their first chance to taste tech in far...
It was just yesterday when the Wall Street Journal was getting me all amped up about the U.S. IPO market, and what it might mean for the folks back here in the Dominion: Another sign of rising investor...
View ArticleViXS is next in line for Tech IPO parade
I wouldn’t call it a downpour just yet, but the Canadian Technology IPO market might just be getting some traction. When I told you a few months ago that two Tech companies were “on the launch pad”, I...
View ArticleThird TSX Tech IPO on deck
It’s almost become an onslaught! If not an onslaught, perhaps the signs of some momentum are there. The oversubscribed institutional book for both ViXS and Halogen Software (HGN:TSX) has given Bay...
View ArticleBlackBerry: don’t bet on a frothy, “quick auction”
News report: BlackBerry Ltd. has already held talks with potential bidders in what it hopes will be a quick auction (WSJ) It was only a few weeks ago when I sold my personal RIM shares following a...
View ArticleShrinking independent dealers will crimp Canada’s economy
News report: Richardson GMP buys Macquarie’s Canadian wealth management unit You might have heard that Macquarie Canada had sold its retail brokerage arm and ~$13 billion of assets under management to...
View ArticleBlackBerry deal tests limits on M&A creativity
Is the Fairfax bid for BlackBerry fully financed or not? According to Bloomberg News yesterday, it doesn’t appear so: The Fairfax (FFH:TSX) coalition, which hasn’t been identified, is in flux and new...
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As BlackBerry shares swoon, a different kind of buyer emerges
News Report: BlackBerry Draws Interest of Cerberus So, it has come to this. The share price of BlackBerry (BBRY:Q, BB:TSX) has dropped so low, despite the $9 Fairfax LOI (see prior post “BlackBerry...
View ArticleThe Canadian tech IPO onslaught that never was
The media coverage of the pending TSX tech IPO onslaught has been intensive. And perhaps the recent attention shouldn’t come as a shock, since they missed the first wave of deals and all (see prior...
View ArticleHalogen’s valuation shadow could undercut Canada’s tech IPO momentum
The deals are there for Canadian technology companies and its broader ecosystem, that’s for sure. Kinaxis (KXS:TSX), Critical Control (CCZ:TSX), DIRTT (DRT:TSX) and Espial (ESP:TSX) have all raised...
View ArticleSurveyMonkey deal demonstrates power of late stage private markets
News Report: SurveyMonkey Valued at US$2 billion as Some Investors Sell Shares Once upon a time, the only way a tech company could raise $250 million was via an Initial Public Offering. Then along came...
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