Magnet Forensics increases TSX IPO target, aiming to raise $100 million
Kitchener-Waterloo’s Magnet Forensics is now looking to raise just over $100 million CAD through its upcoming initial public offering (IPO) on the Toronto Stock Exchange (TSX), according to the company’s latest securities filings.
The cybersecurity software startup filed its final prospectus earlier today. The new target represents a more than $10 million increase from the company’s initial goal of $90 million, as outlined by its preliminary prospectus, which it filed on April 15. BetaKit has reached out to Magnet Forensics to confirm the revised target, but has yet to receive a response by publication.