"I think there is evidence out there that for the right transaction for the right reasons, investors will show up," said François Carrier, co-head of Desjardins Capital Markets. But not many dealmakers are expecting a rush of supply with an uncertain macroeconomic environment still keeping secondary equity markets volatile. The shares dropped well below their first-day high, potentially limiting a comeback in Canadian equity capital raisings and IPOs. "We do not have enough data to declare the IPO market open. Our own view is that we are still 12 to 18 months away from a robust IPO market," he added.

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Persons: Dado Ruvic, Carrier, We're, we're, Enbridge's, Jeff Hershenfield, Stikeman Elliott, Stephen Pincus, Goodmans, John McKenzie, Neil Selfe, Maiya, Bernadette Baum Organizations: REUTERS, Rights, Dominion Energy, Desjardins Capital Markets, Arm Holdings, Capital Markets, TMX, Thomson Locations: IPOs, Canada, Unite States, Toronto, Klaviyo, raisings