Mogo Finance Technology ties up $50 mln IPO
Canadian online lending platform Mogo Finance Technology Inc has completed its initial public offering, raising gross proceeds of $50 million. The company's common shares will begin trading today on the Toronto Stock Exchange under the symbol "GO." David Feller, founder and CEO of Mogo, said the public sale is "a major milestone" that will provide the business "with additional capital to fuel continued growth." Based in Vancouver, Mogo provides consumers with a range of credit solutions, including loans and pre-paid credit cards. It has received funding from a number of private equity and venture capital firms, including Difference Capital and the credit arm of Fortress Investment Group.
25 June 2015•4 mins read
