PE-backed IPL Plastics raises $178 mln from IPO, begins TSX trading
IPL Plastics Inc, a Montréal-based packaging solutions provider, has raised $178 million for its IPO after pricing its 13.2 million shares at $13.50 per share. The company could raise as much as $205 million if the issue’s greenshoe option is exercised in full. The stock began trading June 28, 2018 on the Toronto Stock Exchange under the ticker symbol IPLP. IPL Plastics's pre-IPO backers were Caisse de dépôt et placement du Québec and Fonds de solidarité FTQ. As reported by PE Hub Canada earlier this month, the Caisse and the Fonds will continue to hold stakes with the IPO’s close.
28 June 2018•3 mins read
