Fairfax® Africa Holdings Corporation
$56,220,000.00
5,622,000.00 Securities at $10.00
Initial Public Offering - Closed - Friday, February 17, 2017
Company Description
Fairfax® Africa Holdings Corporation is an investment holding company. Its investment objective is to achieve long-term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments of African businesses or other businesses with customers, suppliers or business primarily conducted in, or dependent on, Africa.
| Address: |
95 Wellington Street West, Suite 800 Toronto, Ontario, M5J 2N7 Canada |
|---|---|
| Phone Number: | (416) 367-4941 |
| Fax Number: | (416) 367-4946 |
| Website: |
| Industry: | Financial & Investment Services |
|---|---|
| Closing Date: | Friday, February 17, 2017 |
| 1st Day of Trading: | Friday, February 17, 2017 |
| Primary Symbol: | |
| Exchange: |
Proceeds
The Company will use the Net Cash Proceeds of the Offerings to invest, directly or indirectly, in additional African Investments.
| Gross Proceeds: | US $56,220,000.00 |
|---|---|
| Underwrting Fees: | US $1,561,000.00 |
| Expense Offering: | US $3,000,000.00 |
| Net Proceeds: | US $51,659,000.00 |
| Lead Underwriter: | RBC Dominion Securities Inc. |
|---|---|
| Other Underwriter(s): |
CIBC World Markets Inc. BMO Nesbitt Burns Inc. TD Securities Inc. Scotia Capital Inc. National Bank Financial Inc. Desjardins Securities Inc. GMP Securities Ltd. Raymond James Ltd. Canaccord Genuity Corp. UBS Securities Canada Inc. Cormark Securities Inc. Manulife Securities Incorporated Dundee Capital Partners Citigroup Global Markets Canada Inc. |
Performance
| 1 day | 1 week | 1 month | 6 months | Inception | |
|---|---|---|---|---|---|
| Recent Performance | 0.00 % | 0.00 % | 0.00 % | 0.00 % | -51.50 % |
| Post IPO Performance | -2.50 % | -2.50 % | 23.50 % |
The content of this page is transmitted strictly for informational purposes. Investments must be selected in accordance with the investor's respective objectives. Desjardins Online Brokerage does not issue any recommendations or endorsements concerning any particular product, its potential value or appropriateness, or any specific strategy. It is highly recommended to read the prospectus before making any type of investment.