Real Matters files final prospectus and announces pricing of initial public offering of common shares

May 05, 2017

Torys is representing the underwriters led by BMO Capital Markets, INFOR Financial and Merrill Lynch Canada with a team that includes Kevin Morris, Alison Harnick, Vanessa Komarnicki and Sharon Au (corporate/securities).

On May 5, 2017, Real Matters Inc. (“Real Matters”) announced that it obtained a receipt for its final prospectus with the securities regulatory authorities in each of the provinces and territories of Canada in connection with its initial public offering including a treasury offering and a secondary offering by certain shareholders of an aggregate of 12,056,186 common shares of Real Matters at a price of C$13.00 per common share for total gross proceeds of C$156,730,418, with Real Matters and the selling shareholders receiving gross proceeds of C$125,060,000 and C$31,670,418 respectively.

The offering is being managed by a syndicate of underwriters, including BMO Capital Markets, INFOR Financial Inc. and BofA Merrill Lynch as lead underwriters and joint bookrunners and Scotia Capital Inc., TD Securities Inc., Wells Fargo Securities Canada, Ltd., Canaccord Genuity Corp., National Bank Financial Inc. and Raymond James Ltd. as co-managers.

Real Matters and certain selling shareholders have granted the underwriters an over-allotment option, exercisable in whole or in part for a period of 30 days following the closing of the offering, to purchase up to an additional 1,808,428 common shares at the offering price for additional gross proceeds of up to C$19,849,648 to Real Matters and up to an aggregate of C$3,659,916 to the selling shareholders, respectively, if the over-allotment option is exercised in full.

The closing of the offering is expected to occur on or about May 11, 2017, subject to customary closing conditions.

Real Matters is a leading network management services provider for the mortgage lending and insurance industries. Its platform combines proprietary technology and network management capabilities with tens of thousands of independent qualified field agents to create an efficient marketplace for the provision of mortgage lending and insurance industry services.

Further information can be found on Real Matters’ website.