The Vancouver-based online-course platform said it will price about 12.3 million shares at $13 each, raising total gross proceeds of roughly $160 million. It initially expected to price shares at between $11 and $13 each. (The Logic)

Talking point: The company said it could raise an additional $24 million if underwriters fully exercise their over-allotment option. A few days into marketing to investors, Thinkific’s order book attracted heavy demand, with nearly $1 billion worth of orders by Wednesday evening, sources told The Globe and Mail. Not all tech IPOs have fared well recently. Canadarm maker MDA fell 20 per cent below its target raise and Saskatoon’s Vendasta Technologies was reportedly struggling to sell its $100-million offering.