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Canaccord, in one case, co-led the IPO of Pivotree Inc., a Toronto-based company that designs, builds and connects information technology systems that form the backbone of e-commerce platforms. That deal raised $69 million, up from an initial plan to pull in $35 million from public investors.
With more investors looking to get in on tech deals, valuations have been pushed higher, creating ideal conditions for companies considering tapping public markets to fuel their growth, said Lauzon.
“So that’s really what’s happened within the public markets is you’ve had a whole slew of capital come from other sectors to technology, that drives valuations up, (and) the improved valuations drive companies from private…