724 Solutions completes $250 million IPO

Client

724 Solutions Inc.

Date

February 2000
On February 2, 2000, the initial public offering of 6,900,000 common shares of 724 Solutions Inc. ("724"), valued at over $250 million, was completed. 724 provides an Internet infrastructure solution that enables financial institutions to offer personalized and secure on-line banking, brokerage and e-commerce services across a wide range of Internet-enabled wireless and consumer electronic devices. The offering included 900,000 common shares purchased by the underwriters pursuant to the exercise of their over-allotment option. .

Georges Dubé, at the time with another law firm, was part of a team of lawyers which provided Canadian legal advice to 724.