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)
Skip to content
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.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Commentary
Carmichael: If an AI jobs apocalypse is coming, we’re not seeing it in the data
Briefing
Anthropic says world needs option to slow AI development, as models learn to self-improve
Ottawa taps the brakes on efforts to speed up project permitting
Kevin O’Leary scales back Wonder Valley Utah plans after objections from a key state legislator
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
