AltaGas Canada Inc.
$239,250,000.00
16,500,000.00 Common Shares at $14.50
Initial Public Offering - Closed - Thursday, October 25, 2018
Company Description
AltaGas Canada Inc. is a Canadian company with natural gas distribution utilities and renewable power generation assets. The Company serves approximately 130,000 customers, delivering low carbon energy, safely and reliably.
| Address: |
1700, 355 - 4th Avenue SW Calgary, Alberta, T2P 0J1 Canada |
|---|---|
| Phone Number: | 403 691 7575 |
| Fax Number: | 403 691 7508 |
| Website: |
| Industry: | Gas Utilities |
|---|---|
| Closing Date: | Thursday, October 25, 2018 |
| 1st Day of Trading: | Tuesday, October 25, 2005 |
| Primary Symbol: | ACI |
| Exchange: | TSX |
Proceeds
The net proceeds of the offering will be used to repay a portion of the purchase price short-term note issued under the purchase and sale agreement and the Company existing note.
| Gross Proceeds: | $239,250,000.00 |
|---|---|
| Underwrting Fees: | $12,560,625.00 |
| Expense Offering: | $3,000,000.00 |
| Net Proceeds: | $223,689,375.00 |
| 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. J.P. Morgan Securities Canada Inc. Beacon Securities Limited Industrial Alliance Securities Inc. |
Performance
| 1 day | 1 week | 1 month | 6 months | Inception | |
|---|---|---|---|---|---|
| Recent Performance | 0.00 % | 0.27 % | -0.18 % | 36.03 % | 130.97 % |
| Post IPO Performance | -0.07 % |
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