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Coveo Solutions Inc. closes $215 million initial public offering and concurrent private placement

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The Underwriters

On November 24, 2021, Coveo Solutions Inc., a market-leading AI-powered relevance platform, announced the closing of its initial public offering of 14,340,000 subordinate voting shares at a price of C$15.00 per share, for gross proceeds of C$215,100,000.

This transaction was made through a syndicate of underwriters led by BMO Capital Markets, BofA Securities, RBC Capital Markets and UBS Investment Bank, as joint bookrunners, and Canaccord Genuity Corp., Oppenheimer & Co. Inc., National Bank Financial Inc., Scotiabank, TD Securities Inc. and Ramirez & Co., Inc.

Along with the closing of the initial public offering, Coveo also closed a direct private placement of 129,996 subordinate voting shares to certain customers, suppliers and other business partners residing outside Canada.

A Fasken team led by Caitlin Rose and that included Jean Michel Lapierre, Guillaume Saliah, Alexandra Freedman, Anthony Sylvain, Claudia Paquette (Securities), Anne-Marie Naud (Corporate), Kateri-Anne Grenier, Julie Uzan-Naulin, William Deneault-Rouillard (Privacy and Cybersecurity), Jean-Philippe Mikus, Geneviève Laliberté (Intellectual Property), Terry Kyle Lapierre (Labour & Employment), Martin Legault and Quentin Lageix (Tax) advised the underwriters in connection with these transactions.


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