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Minto Seeks $156 Million in Canadian Real Estate IPO

A Toll Brothers Inc. Housing Development As Construction Spending Figures Are Released
Photographer: Luke Sharrett/Bloomberg

Canadian real estate firm Minto Group Inc. is seeking to raise about C$200 million ($156 million) in an initial public offering expected to be filed in the coming weeks, according to people familiar with the matter.

The Ottawa-based company has hired Toronto-Dominion Bank and Bank of Montreal to lead the share sale, the people said, asking not to be identified because the matter isn’t public. The company is seeking a valuation of about C$500 million, they said.