Canaccord Genuity Beats Canada Banks for Top Spot on 2019 IPOs
- Independent firm also managed more stock sales than others
- CEO Daviau sees strong market for M&A in next six months
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In a year many bankers and companies called “challenging” for initial public offerings, one independent Canadian firm bucked the trend -- outperforming the country’s biggest banks in the process.
Canaccord Genuity Group Inc. earned top spot for arranging IPOs for the first time in its history. The Toronto-based firm also extended its streak of managing the largest number of Canadian equity financings for the third year in a row.