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Briefing

MDA aims to raise $500M in TSX IPO

The space-technology company will sell up to 31.25 million shares, with an initial price range of $16 to $20 per share. It had a net loss of $36.2 million on $411.5 million in revenue in 2020. BMO Nesbitt Burns, Morgan Stanley and Scotia Capital are the lead underwriters on the deal, which includes six other banks. (The Logic)

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