On October 3, 2000, Montréal-based Mediagrif Interactive Technologies Inc. ("Mediagrif"), closed its initial public offering of 4,168,018 common shares at a price of $12 per share for a total offering of $50,016,216.
The offering was underwritten by a syndicate led by RBC Dominion Securities Inc. and included CIBC World Markets Inc., National Bank Financial Inc. and Scotia Capital Inc. The underwriters exercised their over-allotment option to purchase an additional 625,000 common shares at the IPO price, resulting in the issuance of a total of approximately 4.8 million common shares for gross proceeds of $57.5 million.
Mediagrif is a leading developer, owner and operator of industry-specific or vertical business-to-business e-commerce marketplaces.
Mediagrif was advised in this offering by Fasken Martineau with a team that included, among others, Robert Paré and Louis-François Hogue.