/PRNewswire/ - Thinkific Labs Inc. ("Thinkific" or the "Company") (TSX: THNC), a leading platform for creating, marketing, and selling online courses, today.
/PRNewswire/ - Thinkific Labs Inc. ("Thinkific" or the "Company") (TSX: THNC), a leading platform for creating, marketing, and selling online courses, today.
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.
Thinkific co-founders Greg Smith and Miranda Lievers (Thinkific).
Thinkific, a Vancouver-based platform for creating and selling online courses, went public on the Toronto Stock Exchange (TSX) on Tuesday.
The company tells Daily Hive that it aims to raise $160 million through an initial public offering, with shares priced between $11 and $13. It also says that it’s seen 150% year-over-year growth and is being valued at over $1 billion.
Thinkific allows entrepreneurs and businesses to launch their own online courses. And while the company was co-founded in 2012 by Greg Smith and Miranda Lievers, the duo had been working on an online education solution for close to six years.