The Kitchener, Ont.-based company said in an updated prospectus filed Monday that it plans to price shares between $19 and $21. The company will raise only $200 million if the over-allotment option is not exercised. (The Logic)
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The Kitchener, Ont.-based company said in an updated prospectus filed Monday that it plans to price shares between $19 and $21. The company will raise only $200 million if the over-allotment option is not exercised. (The Logic)
Talking point: The IPO would give the company a market capitalization of more than $1.1 billion, including the over-allotment option. After the offering, the company’s CEO and founder John Baker will own 51.6 per cent of the outstanding shares and control 91.3 per cent of the total voting rights. NewView Capital Fund I, D2L’s other principal shareholder, will control about 11 per cent of outstanding shares and two per cent of voting rights. D2L filed to go public last week, following Montreal-based Sharethrough, which filed in early October, and Copperleaf, which surged in its market debut earlier this month.
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