Shopify-Like IPO Successes Becoming Rare in Canada, Nowlan Says

Shopify-Like IPO Successes Becoming Rare in Canada, Nowlan Says Canada will struggle to find another stock-market success story like Shopify Inc. as the country grapples with a public-listing drought and a delisting trend, according to Daniel Nowlan at National Bank Capital Markets. The Canadian market has been seeing a “hollowing out” of smaller companies seeking to grow into larger and more globally meaningful firms, according to Nowlan, the firm’s vice chairman and managing director of equity capital markets, corporate and investment banking.