1/23/2023 0 Comments Spin master logo![]() The underwriters have an overallotment option to buy up to an additional 1,833,650 subordinate shares at the offering price within 30 days of the offering closing (on or about July 31), which would bring in an extra US$25,341,043 million (CDN$33,007,500 million). ![]() CIBC World Markets, National Bank Financial, BMO Nesbitt Burns, HSBC Securities Canada, Barclays Capital Canada, GMP Securities, Cormark Securities and Dundee Securities are also part of the underwriting team. The offering is being made through a group of underwriters, with RBC Capital Markets and TD Securities acting as co-lead and bookrunners. The IPO consists of 12,225,000 subordinate voting shares at US$13.82 apiece (CDN$18), which would raise US$168,949,500 million (CDN$220,050,000 million) in cash for the Toronto, Canada-headquartered company.Īs part of the process, Spin Master has filed a supplemented PREP prospectus with the regulatory authorities in each of the 10 Canadian provinces. Toyco and entertainment company Spin Master has officially entered into an underwriting agreement for an initial public offering.
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