Manulife Capital to sell shares as part of Dye & Durham IPO
Dye & Durham Corp, a Toronto-based legal technology company, has filed a preliminary prospectus with Canadian securities regulators outside of Québec for an initial public offering (IPO) of its common shares. The IPO, which includes a secondary offering, has not yet been priced. One of the selling shareholders is Manulife Capital, the private equity arm of Canadian insurer Manulife. Manulife invested in the business earlier in 2018, according to the prospectus. Dye & Durham, which operates in Canada and the United Kingdom, provides cloud-based software and technology solutions for legal and business professionals. It is led by CEO Matthew Proud.
2 October 2018•3 mins read
