Jun
05
Mortgage Finance Firm MCAP Said to Seek C$275 Million in IPO
By-
Company said to plan Toronto listing as soon as July
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Stock sale would be the largest in Canada since October
MCAP Corp., a Canadian mortgage finance company, will seek to raise about C$275 million ($212 million) through an initial public offering as soon as next month, according to people with knowledge of the company’s plans.
The Toronto-based business, which has about C$55 billion of mortgages under administration, filed a preliminary prospectus with Canadian regulators last month for an IPO. MCAP plans to list its shares on the Toronto Stock Exchange and hired Royal Bank of Canada and Bank of Montreal to lead the sale, regulatory filings show. A spokesman for MCAP declined to comment…
Mortgage Finance Firm MCAP Said to Seek C$275 Million in IPO
