Brookfield-Backed Gas IPO Set to Inspire More Canadian Deals

The prospect of a Toronto IPO for a Brookfield Asset Management-backed energy-sector company is sparking optimism on Bay Street that the country’s pension funds and asset managers are ready to start taking more portfolio companies public.

When Brookfield’s Rockpoint Gas Storage filed publicly last week for an initial public offering, it promised to double the number of sizable first-time share sales in Canada’s financial hub this year. In the sentiment-driven IPO market, another successful listing would go a long way to shore up confidence.

“It’s always really helpful if you’ve got a good precedent out there,” said Dan Nowlan ...