Freshii commences TSX trading with close of $125 mln IPO
Freshii Inc, a Toronto-based healthy fast-food restaurant chain, has closed its initial public offering and secondary offering of 10.9 million subordinate voting shares, raising gross proceeds of $125.35 million. Freshii and its selling shareholders, including Canadian growth equity firm Klass Capital, received $50.1 million and $75.2 million, respectively. With the close, the company began trading on the Toronto Stock Exchange (TSX) under the symbol "FRII". Freshii may raise an additional $18.8 million via an over-allotment option granted to underwriters.
31 January 2017•3 mins read
