Venture-backed Lumenpulse prices IPO to raise $75 mln
Lumenpulse Inc, a Montréal-based manufacturer of high-performance, architectural LED-based lighting solutions, has priced its recently announced initial public offering (IPO), according to its amended preliminary prospectus. The company said that it anticipates an offering price per common share of between $14 and $16, generating an estimated total offering amount of around $75 million. This assumes a distribution of approximately 5,000,000 shares. Lumenpulse plans to list its shares on the Toronto Stock Exchange. Founded in 2006, Lumenpulse is backed by Canadian venture capital firms the Fonds de solidarité des travailleurs du Québec FTQ and Investissements W2, which together invested $5 million in the company in February 2013.
17 March 2014•1 min read
