On Oct. 28, BBTV Holdings Inc. completed an initial public offering of subordinate voting shares for a capital injection of $172.4 million. The IPO is reported to be the largest in the history of the Toronto Stock Exchange for a tech firm run by a female founder and chief executive officer.
The company used the majority of the proceeds raised in the IPO to buy back the controlling interest from Luxembourg-based media group RTL, which had bought the 51 per cent stake in 2013.
The underwriters were led by Canaccord Genuity Corp. and Scotia Capital Inc., as joint active bookrunners, and included CIBC Capital Markets, as bookrunner, BMO Capital Markets, Eight Capital, Stifel GMP, Cormark Securities Inc. and PI Financial Corp.
Clark Wilson LLP acted as legal counsel to BBTV Holdings Inc.
Norton Rose Fulbright Canada LLP acted as legal counsel to the underwriters with a deal team that was led by
and which included
Andrea Lejay (Vancouver),
Monica Wong (Toronto),
Christopher B. Cash (New York).