Relay Advisors

Canadian Deal-Making Perks Up


  • Avid Life Media Inc. is one of at least seven Canadian technology companies pushing for an IPO in the upcoming months.

  • Avid Life posted $30-million of sales and $8-million of earnings EBITDA in 2009, a four-fold increase over 2008.

  • Part of the money raised will be used to acquire privately-held Moxy Media, a company running more than 300 websites.

Takeaway: The recent burst of IPO activity reflects institutional and individual investors’ interest in higher-risk securities, after a two-year dry spell for initial public offerings.

Source: Andrew Willis and Boyd Erman at The Globe and Mail



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