Lumenpulse IPO poised to raise $100 mln
Lumenpulse Inc has priced its initial public offering (IPO) of 6.25 million common shares at a price of $16.00 per share. The offering is now targeted to raise $100 million, an amount that exceeds the company's previous estimate of $75 million. Based on the IPO price, Lumenpulse's market capitalization will be approximately $354 million. With headquarters in Montréal, the company manufactures and sells a range of high performance and sustainable LED lighting solutions. Its venture capital investors include the Fonds de solidarité des travailleurs du Québec FTQ and Investissements W2.
8 April 2014•3 mins read
