IPL Plastics Inc.
$178,200,000.00
13,200,000.00 Common Shares at $13.50
Initial Public Offering - Closed - Thursday, June 28, 2018
Company Description
IPL Plastics Inc. manufactures specialty packaging products used primarily in the food, consumer, agricultural, logistics and environmental end-markets.
| Address: |
1000 Sherbrooke West, Suite 700 Montreal, Quebec, H3A 3G4 Canada |
|---|---|
| Phone Number: | 514 320 6187 |
| Fax Number: | |
| Website: |
| Industry: | Specialty Industries |
|---|---|
| Closing Date: | Thursday, June 28, 2018 |
| 1st Day of Trading: | Thursday, June 28, 2018 |
| Primary Symbol: | IPLP |
| Exchange: | Toronto |
Proceeds
The net proceeds of the offering will be used to fund planned capital expenditures, repay debt balances, and for working capital and general corporate purposes.
| Gross Proceeds: | $178,200,000.00 |
|---|---|
| Underwrting Fees: | $10,692,000.00 |
| Expense Offering: | $10,000,000.00 |
| Net Proceeds: | $157,508,000.00 |
| Lead Underwriter: | BMO Nesbitt Burns Inc. |
|---|---|
| Other Underwriter(s): |
RBC Dominion Securities Inc. CIBC World Markets Inc. National Bank Financial Inc. HSBC Securities (Canada) Inc. Desjardins Securities Inc. GMP Securities Ltd. Laurentian Bank Securities Inc. |
Performance
| 1 day | 1 week | 1 month | 6 months | Inception | |
|---|---|---|---|---|---|
| Recent Performance | 0.00 % | 0.10 % | 0.50 % | 119.78 % | -25.93 % |
| Post IPO Performance | -1.48 % | -1.48 % | -25.93 % |
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