Alignvest set to raise $225 million via IPO on Toronto Exchange: Reuters

Alignvest Acquisition Corp, an investment firm set up primarily to buy an operating asset, said it is raising almost double the money it set out to generate via an initial public offering on the Toronto Stock Exchange, Reuters reported. The Toronto-based firm, headed by serial entrepreneur and private equity veteran Reza Satchu, said it plans to raise $225 million.

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