Fairfax Financial Holdings Ltd., which took a majority stake in Boat Rocker in 2015, will hold approximately 44 per cent of outstanding shares post-IPO, according to the company’s prospectus
The prodco behind
The Next Step and
Dino Ranch will use the proceeds to secure and develop new IPs, repay debt and fund strategic investments.
February 16, 2021
Boat Rocker Media has filed an initial public offering (IPO) application in a move that, if approved, will see the Toronto-based media company trading on the Toronto Stock Exchange (TSX).
In documents filed with the application, Boat Rocker says it plans to use the proceeds from the IPO to secure and develop IPs; fund further acquisitions or strategic investments; repay all of its term debt; and support the business plans of its scripted division and the franchise and brand management teams.
Partner Potential: Co-Productions in Flux
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About Mansha Daswani
Mansha Daswani is the editor and associate publisher of World Screen. She can be reached on mdaswani@worldscreen.com.
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Spotlight: Boat Rocker Media
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