Baylin Technologies Inc. completed its initial public offering, and Baylin Technologies common shares began trading on the Toronto Stock Exchange. The company issued 6,253,125 common shares at $8 per share for a total of approximately $50 million.
The offering was underwritten by a syndicate of underwriters led by Paradigm Capital Inc., and Raymond James Ltd., and included Cormark Securities Inc., Clarus Securities Inc., and M Partners Inc.
Baylin is a global provider of wireless component technology.
Norton Rose Fulbright Canada LLP advised Baylin Technologies with a team led by Pierre Soulard and including Evelyn Li, Seemal Patel and Sarah Osman (corporate/securities) and Barry Segal (tax) in Canada; Merrill Kraines and Donald Ainscow (corporate/securities) in the US; and Sun Hong, Lynn Yang and Grace Ye (corporate) in China.
The underwriters were advised by Osler, Hoskin & Harcourt LLP with a team led by Craig Wright and including Brad Allgood and Laura Webb (corporate/securities); and Dov Begun (tax) in Canada; and Rob Lando (corporate/securities) in the US.