PwC Sees Canadian IPO Market Struggling in Q2, Big4.com Reports
(PRWEB) July 06, 2012
Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC reports a PwC survey of Canadian equity markets shows the market for initial public offerings (IPOs) stalled in the second quarter of 2012.
Big4.com reports that the European debt crisis, a global softening of commodity prices and the resultant market volatility conspired to keep both issuers and investors on the sidelines. Dean Braunsteiner, PwC national IPO services leader, also notes that the Facebook IPO in the U.S. didn’t ignite interest in the technology sector during that time period.
“The interest in REITs is testimony to the enduring appeal of the yields from real estate, and the single bright spot in the second quarter,” he says. “But sagging commodity prices and the recent slide in the price of oil have made it very difficult for companies in those normally active sectors to plan new issues. Caution will be the watchword for the next few months.”
Big4.com notes that PwC has conducted its survey of the IPO market in Canada for more than 10 years. The reports are issued on a quarterly basis to provide information to the corporate sector, investors, the media and others that will help them put the market into better perspective.
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