Thinkific pricing IPO at $13 per share to pull in $160 million
Thinkific has announced the official pricing of its initial public offering (IPO) for listing to the Toronto Stock Exchange (TSX).
The company announced Thursday morning it has entered into an underwriting agreement in respect to the offering and is making available 12.3 million subordinate voting shares at a price of $13.00 per share for total gross proceeds of $160,030,000.
Thinkific initially filedto go public in March and earlier this month announced hopes to raise $160 million CAD with shares priced between $11 to $13. According to The Globe and Mail, Thinkific saw strong investor demand despite a recent dulling in the public markets, which led to the company pricing the shares at the top end of its range.