Capital Raises Summary
Each week, Viridian publishes insights and analysis on completed capital raise transactions in the prior week, focusing on all equity and debt deals. Our analysis includes:
- Summary
- Outlook
- Best & Worst Perfromers
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YTD Analysis
- YTD capital raises totaled $1,845.25M, up 14.8% from the same period in 2023. Debt as a percentage of capital raised dropped to 56.1% from 61.9% in the previous year on a worldwide basis. The U.S. bucked this trend with 68.2% of capital raised in debt compared to 53.4% in 2023.
- U.S. raises accounted for 68.7% of total funds, up from 50.7% at the same point in 2023. Raises from outside Canada and the U.S. represented 5.3% of the total funds raised, in line with the average of 6.0% for the six previous years.
- YTD raises by public companies accounted for 74.4% of total funds, the highest since 2021.
This weeks Sector Focus
Capital Raises vs Stock Prices
- Cannabis equities (as measured by the MSOS ETF) ended up 0.72%% for the week.
