TA Associates-backed Marc Anthony prices IPO to raise $278 mln
Beauty-products brand Marc Anthony, backed by U.S. private equity firm TA Associates, has priced its recently filed initial public offering in Canada. The Toronto company expects to raise about $126 million of treasury proceeds by selling shares at $14 to $16 per unit. It also expects to secure about $116 million to $132 million in secondary proceeds. The greenshoe option, if fully exercised, will increase secondary proceeds, bringing the IPO's bring total to about $278 million. Marc Anthony is one of five Canadian PE-backed companies to announce or complete an IPO since January.
13 June 2018•3 mins read
