DIRTT completes initial public offering
On November 28, 2013, DIRTT Environmental Solutions Ltd. (DIRTT) completed its initial public offering of 15,000,000 common shares on the Toronto Stock Exchange, under the symbol "DRT", at an offering price of C$3.00 per common share, for total gross proceeds of C$45 million.
The offering, which was announced on October 23, 2013, was led by Raymond James Ltd., with the remaining syndicate of underwriters including Canaccord Genuity Corp., National Bank Financial Inc., TD Securities Inc. and Cormark Securities Inc. DIRTT granted the underwriters an over-allotment option to subscribe for an additional 2,250,000 common shares at an offering price of C$3.00 per common share to cover the underwriters' over-allotment position, if any, and for market stabilization purposes, exercisable at any time up to January 27, 2014.
Further information can be found on Globe Newswire.
DIRTT is a leading technology-driven manufacturer of highly customized interiors.