Green IPO’s finding fertile ground in Canada

In Canada, a general thaw in the capital markets, government incentives and the country’s natural resources expertise are being touted as reasons behind an expected increase in green IPOs there. The Toronto Stock Exchange and TSX Venture exchanges list 123 green companies, more than any other market in the world. Geothermal exploration and development company Standard Steam Canada Corp filed a preliminary prospectus in late 2009 for an IPO that reports say will raise over $60 million. Magma Energy Corp. raised more than $100 million in an IPO in July 2009.