The Toronto telemedicine company founded by Bay Street financier Samuel Duboc is reportedly increasing the value of its public offering to $65 million, the second increase in just two days. The company had previously planned to raise $50 million through an undisclosed number of shares priced between $7 and $8 each. (The Globe and Mail)
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The Toronto telemedicine company founded by Bay Street financier Samuel Duboc is reportedly increasing the value of its public offering to $65 million, the second increase in just two days. The company had previously planned to raise $50 million through an undisclosed number of shares priced between $7 and $8 each. (The Globe and Mail)
Talking point: MindBeacon was founded five years ago to provide online mental health therapy through its Beacon service, and has seen a surge in revenue since the start of the pandemic. Its filings state that the company’s revenue climbed from $4.7 million for the full calendar year of 2019, to $6.6 million for just the nine months ending September 30. It had previously planned to raise $30 million privately, but shifted to the public markets after strong go-public performances from tech stocks like Nuvei. The increased offering is expected to be made public this week, according to The Globe and Mail.
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