The agtech firm said it has priced shares at $17 each to trade on the Toronto Stock Exchange under the symbol FDGE. (The Logic)
The agtech firm said it has priced shares at $17 each to trade on the Toronto Stock Exchange under the symbol FDGE. (The Logic)
The agtech firm said it has priced shares at $17 each to trade on the Toronto Stock Exchange under the symbol FDGE. (The Logic)
Talking point: The company expects additional gross proceeds of up to nearly $19 million if the over-allotment option is exercised in full. The share price falls on the higher end of its anticipated $10 to $17 range in an earlier filing that expected about $100 million in proceeds (or about $115 million with a fully exercised over-allotment). The company upsized the offering as investors put in orders for more than 10 times the original deal size, a source told The Globe and Mail. Meanwhile, Score Media and Gaming, which announced plans for an IPO on the Nasdaq earlier this week, also upsized its offering from five million to six million Class A shares at US$27 for aggregate gross proceeds of US$162 million.
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