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The TSX logo is seen in Toronto in this file photo.
The TSX logo is seen in Toronto in this file photo.
(© Mark Blinch / Reuters/)

Nationalism, coverage led Kinaxis to pick TSX for IPO

The chance to get more analyst coverage and a touch of nationalism led Ottawa-based Kinaxis Inc. to the Toronto Stock Exchange for its initial public offering.

There is a spate of technology IPOs believed to be in the hopper in Canada, and the TSX is vying to become the venue of choice over the stiff competition of the traditional technology destination – the Nasdaq. The Canadian exchange needs to build more critical mass in technology stocks, and winning a good share of the new listings is important, as Streetwise has written in past.