PE-backed IPL Plastics prices IPO to raise as much as $205 mln
IPL Plastics Inc, a Montréal-based packaging solutions provider, has finalized the pricing of its proposed initial public offering of common shares in Canada. The company plans to sell shares at $13.50 per unit, generating proceeds of $178.2 million or as much as $204.9 million if the issue's greenshoe option is exercised in full. The IPO is expected to close on June 28, when shares will begin trading on the Toronto Stock Exchange under the symbol IPLP. IPL Plastics has been backed by Caisse de dépôt et placement du Québec (CDPQ) and Fonds de solidarité FTQ since 2015. As reported by PE Hub Canada earlier this month, CDPQ and the Fonds will continue to hold stakes with the IPO's close.
22 June 2018•3 mins read
