Farmers Edge Raises $100 Million in Canadian IPO
This article is for subscribers only.
Farmers Edge Inc. raised about C$125 million ($100 million) in its Canadian initial public offering after selling shares at the top end of its marketed range, according to people familiar with the transaction.
Farmers Edge sold shares for about C$17 apiece, said the people, who asked not to be identified because terms aren’t public. The Winnipeg, Manitoba-based company initially aimed to sell a 16% stake with shares priced between C$10 and C$17 each, according to Feb. 9 sale documents.