The Saskatoon-based company is struggling to sell its initial public offering, which was scheduled to be priced last week and start trading this week, and management must now decide whether to lower the share price or pull the transaction, sources said. (The Globe and Mail)
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The Saskatoon-based company is struggling to sell its initial public offering, which was scheduled to be priced last week and start trading this week, and management must now decide whether to lower the share price or pull the transaction, sources said. (The Globe and Mail)
Talking point: The company’s initial filings showed it planned to offer up to about 7.1 million common shares between $14 and $16 each. Despite recent record–breaking IPOs in the tech sector, Vendasta is not alone in facing lacklustre interest. MDA, the Canadarm maker that made its return to the TSX Wednesday, raised 20 per cent less than its target of $500 million. While investors have previously focused on companies’ growth potential, bankers told The Globe that there’s an increasing focus on quality businesses now.
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