Following full exercise of over-allotment option, Thinkific IPO reaches $184 million
Vancouver-based EdTech startup Thinkific’s initial public offering (IPO) now totals $184 million, after the deal’s underwriters exercised an over-allocation option that was part of Thinkific’s offering.
More recently, Thinkific launched an app store for course creators, a notable move for the company.
Last week, the Vancouver-based EdTech company closed its initial public offering at $160 million, issuing 12,310,000 subordinate voting shares at a price of $13 per share. The over-allotment option allowed underwriters to purchase an additional 1,846,500 subordinate voting shares at a price of $13 per share. The underwriters have exercised this option in full.