The holding company of media and tech firm BroadbandTV, founded by Vancouver-based entrepreneur Shahrzad Rafati, will go public on the Toronto Stock Exchange next week at an IPO price of $16 per share, raising approximately $172.4 million on the public market. The money would enable BBTV to buy out majority shareholder RTL Group—the Luxembourg-based media company owns 51 percent of BroadbandTV, a stake that is valued at roughly $159 million. (The Logic, BetaKit)

Talking point: RTL Group bought its majority stake in BroadbandTV from Rafati in 2013 at $36 million. In 2017, the company chose not to exercise its right to purchase the remaining 49 percent stake in BroadbandTV, reportedly causing a rift between Rafati and RTL. At the time, Rafati claimed her company was worth $1 billion. BBTV brought in a revenue of $187.5 million for the six months ended June 30, but charted a net loss of 9.6 million, according to its prospectus. Its 2019 revenue was $372.4 million, but close to 90 per cent of that amount was paid to content creators.