The company, which makes decision-analytics software for managing infrastructure, did not disclose in its prospectus how much it aims to raise when it goes public and wants to trade under the symbol CPLF. The possibility of a filing was first reported by The Globe and Mail. (The Logic, The Globe and Mail)
Talking point: Founded in 2000, Copperleaf said it manages about $2.3 trillion in critical infrastructure for clients including Enbridge and New Zealand’s Powerco. The company has reported net losses for the past two years: about $9.1 million in 2020 and $10.3 million in 2019. The offering’s underwriters are Merrill Lynch Canada, BMO Nesbitt Burns, William Blair & Company, CIBC World Markets, RBC Dominion Securities, Canaccord Genuity and Cormark Securities. Copperleaf’s filing comes after a quiet few months following a summer in which some Canadian tech companies hit the public markets and others paused their plans.