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What is the most recent Canadian IPO? What is the company? What exchange trades the stock?...

  1. What is the most recent Canadian IPO? What is the company? What exchange trades the stock? What was the IPO price? Is the company currently trading? If so, find the current price and calculate the return since inception. Find information on google and provide a link for websites that has been used
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Answer #1

Note: As per answering guidelines, references to any outside sources or links are strictly prohibited and can't be included. However, as a general comment, the below information which is included in the answer can be founded in various press articles on the web. Also, the stock prices for any company can be sourced from the website of the stock exchange where that stock is listed or simply through any major financial news websites (names obviously can't be mentioned)

Solution:-

- The most recent Canadian IPO is Middlefield Global Real Asset Fund which raised $110 million through the IPO.

- The company is a real estate fund with portfolio investments in real estate and infrastructure assets. The fund's strategy focuses upon investing in assets that offer opportunities for consistent dividends as well as well as long-term capital appreciation in value.

- The stock is traded on the Toronto stock exchange.

- The IPO price was $10 per unit. The company issued 11,000,000 million units grossing $110 million in IPO proceeds.

- The company had a price of $9.85 as at the close of 27th Nov 2019. The return since inception is calculated by comparing the most recent closing price available i.e. 27th Nov 2019 with the IPO price. Therefore, the stock return since inception is -1.5% [calculated as (9.85-10)/10]

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