Market Newsdesk

TORONTO, Jan. 5, 2021 /CNW/ – While the US initial public offering (IPO) and special purpose acquisition corporation (SPAC) market experienced an unprecedent boom in 2020, Canadian IPO market continued to struggle with mixed results.

77 IPOs including capital pool companies (CPCs) and SPACs were completed in 2020 on four Canadian stock exchanges, raising $5.55 billion in aggregate gross proceeds, or excluding CPCs and SPACs, 43 IPOs for $4.85 billion.

The 2020 IPO numbers represent a decrease of 29% in total number of IPOs and an increase of 116% in total amount or, excluding CPC/SPAC IPOs, a decrease of 7% in total IPO number and an increase of 605% in total amount from 2019.

Excluding CPC/SPAC IPOs, CSE continues to lead all Canadian exchanges with 25 IPOs (58%), comparing to 31 IPOs (67%) in 2019. 

Mining issuers led all sectors with 23 IPOs for $324 million, accounting for 53% and 7% of the total number of Non-CPC/SPAC IPOs and total amount respectively.

4 Private Equity (PE) and 2 Venture Capital (VC) backed IPOs dominated the total amount, raising $3,395 million and $144 million respectively, or $3,539 million in aggregate, representing 64% of total IPO amount or 73% of total Non-CPC/SPAC IPO amount.

2020 IPO Breakdown by Exchanges (Non-CPC/SPAC)

• CSE – 25 IPOs for $43 million (25 IPOs for $43 million)
• TSX – 11 IPO for $4,726 million (10 IPOs for $4,460 million)
• TSX Venture Exchange – 39 IPOs for $364 million (8 IPOs for $350 million)
• NEO – 2 IPOs for $421 million (nil)

2020 Canadian IPOs League Table – Top 8 Law Firms (by # IPOs only)

All IPO Ranking (#, $total IPO value)

1. Miller Thomson LLP (13, $17M)
2. Blake, Cassels & Graydon LLP (11, $1,549M)
3. DuMoulin Black LLP (8, $17M)
4. Cassels Brock & Blackwell LLP (7, $38M)
5. Harper Grey LLP (7, $10M)
6. MLT Aikins LLP (7, $5M)
7. Peterson McVicar LLP (7, $2M)
8. Borden Ladner Gervais LLP (6, $12M)

Non-CPC/SPAC IPO Ranking (#, $total IPO value)

1. Blake, Cassels & Graydon LLP (8, $861M)
2. Miller Thomson LLP (7, $16M)
3. Stikeman Elliott LLP (5, $2,165M)
4. DuMoulin Black LLP (5, $16M)
5. Harper Grey LLP (5, $10M)
6. Cassels Brock & Blackwell LLP (4, $37M)
7. Vantage Law Corporation (4, $6M)
8. Lotz & Company (4, $2M)

2020 Canadian IPOs League Table – Top 13 Underwriters (by # IPOs Only)

All IPO Ranking (#, $total IPO value)

1. Canaccord Genuity Corp. (26, $2,535M)
2. Haywood Securities Inc. (24, $ 25M)
3. BMO Nesbitt Burns Inc. (12, $ 4,651M)
4. Scotia Capital Inc. (9, $4,349M)
5. CIBC World Markets Inc. (8, $4,372M)
6. Leede Jones Gable Inc. (8, $12M)
7. Raymond James Ltd. (7, $4,053M)
8. TD Securities Inc. (7, $4,045M)
9. National Bank Financial Inc. (7, $4,039M)
10. Industrial Alliance Securities Inc. (7, $1,017M)
11. Mackie Research Capital Corporation (7, $9M)
12. RBC Dominion Securities Inc. (6, $4,006M)
13. Stifel Nicolaus Canada Inc. (6, $3,623M)

Non-CPC/SPAC IPO Ranking (#, $total IPO value)

1. Canaccord Genuity Corp. (17, $1,846M)
2. BMO Nesbitt Burns Inc. (12, $4,651M)
3. Haywood Securities Inc. (9, $20M)
4. Scotia Capital Inc. (9, $4,349M)
5. CIBC World Markets Inc. (8, $4,372M)
6. Raymond James Ltd. (7, $4,053M)
7. TD Securities Inc. (7, $4,045M)
8. National Bank Financial Inc. (7, $4,039M)
9. RBC Dominion Securities Inc. (6, $4,006M)
10. Stifel Nicolaus Canada Inc. (6, $3,623M)
11. Leede Jones Gable Inc. (6, $12M)
12. Mackie Research Capital Corporation (6, $8M)
13. Desjardins Securities Inc.  (5, $952M)

2020 Top Five Canadian IPOs (Canadian and foreign exchanges)
Three of top five Canadian IPOs were done on the NASDAQ Exchange. The Top Five are backed either by private equity or venture capital firms.

Report Summary
2020 Canadian IPO Report Summary can be downloaded from financings.cahttps://www.financings.ca/reports/

About CPE Analytics

CPE Analytics, through financings.ca, is Canada’s all public and private financing data provider. We offer comprehensive data coverage and analysis on private capital and public financings, IPOs, M&As and VC/PE fundraising. More information:  https://cpeanalytics.ca

CPE Analytics is a division of CPE Media Inc., Canada’s all financing news and data provider.

SOURCE CPE Media Inc.

PALO ALTO, Calif., Jan. 5, 2021 /PRNewswire/ — Inpixon (Nasdaq: INPX), the Indoor Intelligence™ company, today announced its latest release of Inpixon Aware, the company’s indoor security solution. The award-winning Inpixon Aware provides organizations with a highly-scalable situational awareness and wireless detection solution within a single, near real-time dashboard enabling management to make key decisions around security, risk mitigation and safety. The latest version, Inpixon Aware 5.17, includes improved ultra-wideband (UWB) wireless device detection and positioning, advanced mitigation of RF noise, IPv6 support for the latest generation of Inpixon sensors, and additional enhancements.

Inpixon Aware, previously known as ZoneDefense, is designed to help corporate enterprises and governmental agencies combat theft of confidential information and to enhance safety and operational efficiency by providing visibility into the location of wireless devices, people and critical assets within indoor spaces. Inpixon Aware uses radio frequency (RF) sensors to detect and locate active Wi-Fi, Bluetooth, cellular and UWB wireless transmissions emanating from phones, smartwatches, tablets, computers, access points, IoT devices and more. Security personnel can locate unauthorized wireless devices, enforce no-phones zones, geofence areas to receive alerts when devices move into and out of the zones, trigger mobile device management (MDM) policies that restrict usage in high-security areas, and whitelist wireless medical devices such as hearing aids and pacemakers. The solution can also be utilized to monitor the location of visitors to the facility and to locate key personnel and assets in order to enhance security and situational awareness.

Nadir Ali, Inpixon CEO noted, “Security-conscious organizations including global enterprises, financial institutions, legal firms, transportation companies, and government agencies can use Inpixon Aware to discover wireless listening devices placed by bad actors, locate unescorted visitors, pinpoint cell phone use in unauthorized areas, and uncover unauthorized wireless access points brought into the office by employees. These capabilities and others can enhance the security posture, improve incident response, facilitate investigations, and reduce manpower requirements. The release of our latest enhancements reinforces our commitment to staying at the forefront of the industry and providing customers the most comprehensive security solution to assist organizations in making key decisions to create a safer and secure environment for personnel, visitors and assets.”

About Inpixon

Inpixon® (Nasdaq: INPX) is the Indoor Intelligence™ company that specializes in capturing, interpreting and giving context to indoor data so it can be translated into actionable intelligence. The company’s Indoor Intelligence platform ingests diverse data from IoT, third-party and proprietary sensors designed to detect and position active cellular, Wi-Fi, UWB and Bluetooth devices. Paired with a high-performance data analytics engine, patented algorithms, and advanced mapping technology, Inpixon’s solutions are leveraged by a multitude of industries to do good with indoor data. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. Inpixon customers can boldly take advantage of location awareness, analytics, sensor fusion and the Internet of Things (IoT) to uncover the untold stories of the indoors. For the latest insights, follow Inpixon on LinkedIn, Twitter, and visit inpixon.com.

Safe Harbor Statement

All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of the control of Inpixon and its subsidiaries, which could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, the fluctuation of economic conditions, the impact of COVID-19 on Inpixon’s results of operations, Inpixon’s ability to integrate the products and business from recent acquisitions into its existing business, the performance of management and employees, the regulatory landscape as it relates to privacy regulations and their applicability to Inpixon’s technology, Inpixon’s ability to maintain compliance with Nasdaq’s minimum bid price requirement and other continued listing requirements, including during a panel monitoring period ending on February 5, 2021, the ability to obtain financing, competition, general economic conditions and other factors that are detailed in Inpixon’s periodic and current reports available for review at sec.gov. Furthermore, Inpixon operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements.

Inpixon Contacts

Media relations and general inquiries:
Inpixon
Email: [email protected]
Web: inpixon.com/contact-us

Investor relations:
Crescendo Communications, LLC
Tel: +1 212-671-1020
Email: [email protected]

 

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SOURCE Inpixon

OCEANSIDE, Calif., Jan. 5, 2021 /PRNewswire/ — Therapeutic Solutions International, Inc., (OTC Markets: TSOI), reported today new data from its ongoing investigations into the immunological mechanisms by which QuadraMune™ functions as a potential antiviral nutraceutical. 

In mice receiving QuadraMune™ for a period of two weeks, a significantly increased cytotoxic T cell response was seen after immunization with proteins that resemble virally associated proteins.  T cytotoxic cells are a component of the immune system which selectively kills virally infected cells.  Successful immunity to viruses is dependent on T cytotoxic cell activity.

“Last week we reported data that QuadraMune™ increases Th1 cell activity, which orchestrates antiviral immunity.  This week we demonstrated that QuadraMune™ increases T cytotoxic cell activity.  The T cytotoxic cell being the actual effector cells of adaptive antiviral immunity,” said Dr. James Veltmeyer, Chief Medical Officer of the Company. “The fact that we are using natural ingredients to boost up various components of the immune system that are needed to fight viruses makes us confident in the outcome of our ongoing COVID-19 prevention clinical trial.”

“While many of our colleagues are scrambling to utilize synthetic immune stimulants, whose long-term consequences are not well understood, we are excited to be leveraging natural ingredients such as nigella sativa, whose therapeutic effects have been well described in the literature for thousands of years,” said Famela Ramos, Vice President of Business Development. “To my knowledge we are one of the only companies that is actually leveraging modern day immunological sciences to optimize herbal compositions and remedies.”

“Through understanding the cellular and molecular mechanisms by which QuadraMune™ works, we are confident in the rapid acceptance of our nutraceutical by the medical community as a natural approach to boosting the proper immunity needed to fight off viruses,” stated Timothy Dixon, President and CEO of the Company.  “Combined with the known effects of QuadraMune ingredients in suppressing the NLRP3 inflammasome pathway, we believe that our scientists have developed a ‘first in class’ nutraceutical to potentially address both immune deficiency and hyperinflammation associated with COVID-19.”

About Therapeutic Solutions International, Inc.
Therapeutic Solutions International is focused on immune modulation for the treatment of several specific diseases. The Company’s corporate website is www.therapeuticsolutionsint.com, and our public forum is https://board.therapeuticsolutionsint.com/.

CONTACT:  [email protected]

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SOURCE Therapeutic Solutions International

NOTICE

TORONTO, Jan. 5, 2021 /PRNewswire/ – The Company’s results for the 2020 year end and fourth quarter will be issued by press release on Wednesday, February 10, 2021 after the close of business at 5:00 p.m. ET.

An Investor Conference Call will be hosted by Martin L. Juravsky, Executive Vice President and Chief Financial Officer and John G. Reid, President and Chief Executive Officer on Thursday, February 11, 2021 at 9:00 a.m. ET to review the results.

The dial-in telephone numbers for the call are 416-764-8688 (Toronto and International callers) and 1-888-390-0546 (U.S. and Canada). Please dial in 10 minutes prior to the call to ensure that you get a line.

A replay of the call will be available at 416-764-8677 (Toronto and International callers) and 1-888-390-0541 (U.S. and Canada) until midnight, Thursday, February 25, 2021. You will be required to enter pass code 972349# in order to access the call.

If you would like to unsubscribe from receiving notices of our Investor Quarterly Conference Calls, you may do so by emailing [email protected]; or by calling our Investor Relations Line: 905-816-5178.

If you have any additional questions, please contact our Investor Relations Department at [email protected] or 905-816-5178.

Website:  www.russelmetals.com

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SOURCE Russel Metals Inc.

WEST LAFAYETTE, Ind. and CHICAGO, Jan. 5, 2021 /PRNewswire/ — There was a modest improvement in producer sentiment according to the December Purdue University/CME Group Ag Economy Barometer. The barometer increased 7 points from November to a reading of 174. Both of the barometer’s sub-indices, the Index of Current Conditions and the Index of Future Expectations, were also higher in December than in November. The Index of Current Conditions climbed 15 points to 202 and the Index of Future Expectations increased by 5 points to a reading of 161. The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. This month’s survey was conducted from December 7-11, 2020.

“The rise in the Ag Economy Barometer was primarily driven by farmers’ perception that the current situation on their farms really improved. The sharp rise in the Index of Current Conditions is correlated with the farm income boost provided by the ongoing rally in crop prices. That appears to be the driving force behind producers’ optimism,” said James Mintert, the barometer’s principal investigator and director of Purdue University’s Center for Commercial Agriculture.

Producers were noticeably more inclined to think now is a good time to make large investments in their farming operations than in November. The Farm Capital Investment Index increased 13 points in December to a record high of 93. The percentage of farmers expecting to increase their machinery purchases in the upcoming year rose 5 points to 15 percent in December, while the percentage expecting to reduce their purchases declined by the same amount.

They were also bullish about farmland values and cash rental rates. In December, the percentage of farmers expecting farmland values to rise over the next year increased 9 points from November to a reading of 35. The percentage expecting farmland values to rise over the next five years increased 11 points from November to a life of survey high 65 percent.

Reflecting the improvement in crop production profitability, more producers said they expect farmland cash rental rates to rise in 2021 when compared to survey results from late summer. In December, 18 percent of respondents said they expect cash rental rates to rise in 2021, double the percentage who felt that way in August and September. Moreover, it’s clear that any downward pressure on cash rental rates evident earlier in the year has nearly disappeared, as just 5 percent of farmers said they expect to see cash rental rates decline in 2021 compared to 17 percent who felt that way in August.

Farmers were less optimistic when asked about the on-going trade dispute between U.S. and China. In the first quarter of 2020, an average of 76% of respondents thought the trade dispute’s ultimate resolution would favor U.S. agriculture, by spring that average declined to 62 percent, and by December it dropped to an all-time survey low of 47 percent. When asked whether they expect U.S. ag exports to increase over the next five years, only 51 percent of respondents in December said they expect to see export growth.

To learn more about what factors might be motivating the shift in producers’ sentiment pre- and post-November election, a series of questions focused on producers’ future expectations for environmental regulations, taxes and other key aspects of the agricultural economy, were included on the October, November and December surveys. In December, farmers continued to express concerns following the November election about several key policy issues affecting agriculture. Over 80 percent of farmers said they expect environmental regulations to become more restrictive in December, compared to 41 percent who felt that way in October. Over 70 percent of producers expect to see higher income and estate taxes compared to 35 and 40 percent, respectively, in October. One-third of farmers said they expect the farm income safety net to weaken compared to 18 percent and just over one-fourth of producers said they expect government support for the ethanol industry to weaken compared to 17 percent who felt that way in October.

Read the full Ag Economy Barometer report at https://purdue.ag/agbarometer. The site also offers additional resources – such as past reports, charts and survey methodology – and a form to sign up for monthly barometer email updates and webinars.

Each month, the Purdue Center for Commercial Agriculture provides a short video analysis of the barometer results, available at https://purdue.ag/barometervideo, and for even more information, check out the Purdue Commercial AgCast podcast. It includes a detailed breakdown of each month’s barometer, in addition to a discussion of recent agricultural news that impacts farmers. Available now at https://purdue.ag/agcast.

The Ag Economy Barometer, Index of Current Conditions and Index of Future Expectations are available on the Bloomberg Terminal under the following ticker symbols: AGECBARO, AGECCURC and AGECFTEX.

About the Purdue University Center for Commercial Agriculture
The Center for Commercial Agriculture was founded in 2011 to provide professional development and educational programs for farmers. Housed within Purdue University’s Department of Agricultural Economics, the center’s faculty and staff develop and execute research and educational programs that address the different needs of managing in today’s business environment.

About CME Group
As the world’s leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.  The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing. With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec, EBS, TriOptima, and Traiana are trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB, and Traiana, Inc., respectively. Dow Jones, Dow Jones Industrial Average, S&P 500, and S&P are service and/or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor’s Financial Services LLC and S&P/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc. All other trademarks are the property of their respective owners. 

Writer: Kami Goodwin, 765-494-6999, [email protected]  
Source: James Mintert, 765-494-7004, [email protected]

Related websites:
Purdue University Center for Commercial Agriculture: http://purdue.edu/commercialag
CME Group: http://www.cmegroup.com/

Photo Caption: Farmer sentiment rises as income prospects improve, concerns about key policy issues remain. (Purdue/CME Group Ag Economy Barometer/James Mintert) https://www.purdue.edu/uns/images/2020/dec-barometerLO.jpg

CME-G 

 

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SOURCE CME Group