Investing

The [New Issues/IPO] thread - ENF $33.15, CVE $16

  • Last Updated:
  • Jul 19th, 2017 2:42 pm
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Newbie
Oct 25, 2009
63 posts
3 upvotes
Montreal
toys anyone ? :)

Spin Master Corp.

Short Description: Secondary Offering of Common Shares via Bought Deal
Price: $40.75 CDN per share.
Settlement: On or about May 24, 2017.
Deal Addict
Jul 28, 2009
1311 posts
217 upvotes
Pass on Spin Master. Would buy it if the discount was better.
Sr. Member
Feb 17, 2009
594 posts
28 upvotes
Brockville
Kinder morgan is still open - I wonder if this is another one that gets cancelled
Deal Expert
Feb 11, 2009
15607 posts
1702 upvotes
Toronto
It's possible but Spin master for example was open for a full month, and didn't close till ipo day...IPOd at $18, shot up to $21 on opening day, and now look at it hah
Selling Grizzly Privy Maple Leafs - $33 ea - PM!
Deal Addict
User avatar
Mar 12, 2005
1698 posts
77 upvotes
Just received an email for another offering of Hydro One shares at $22.60. Might request some to avg down from my initial $23.25 purchase last round
[OP]
Deal Expert
User avatar
Sep 19, 2004
19654 posts
2883 upvotes
Waterloo
sumrandomguy wrote:
May 18th, 2017 4:25 pm
Just received an email for another offering of Hydro One shares at $22.60. Might request some to avg down from my initial $23.25 purchase last round
What brokerage is this?

Nothing from TD on my end

But wow... $22.6, they really couldn't find any buyer eh. What a joke
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Deal Addict
User avatar
Mar 12, 2005
1698 posts
77 upvotes
I received the email from Scotia iTrade. With so many shares outstanding, I'm sure the other brokerages will be sending emails shortly
Deal Addict
User avatar
Dec 21, 2005
4907 posts
265 upvotes
Markham
jerryhung wrote:
May 18th, 2017 4:29 pm
What brokerage is this?

Nothing from TD on my end

But wow... $22.6, they really couldn't find any buyer eh. What a joke
Still open at iTrade
:idea: :) :lol: :razz: :D
Newbie
User avatar
Feb 3, 2012
70 posts
8 upvotes
MacLaren's
Anyone jumping on Medreleaf IPO? Approx. price/share: $9.50 - $10.50.
Member
Aug 17, 2008
465 posts
118 upvotes
Hydro One article from Globe.

Investment banks that underwrote Hydro One Ltd.'s $2.8-billion equity sale are taking a second stab at selling a large chunk of the shares after investors balked at the initial deal.

Last week, Ontario Premier Kathleen Wynne's Liberal government announced the bought-deal offering, selling 120 million shares at $23.25 apiece and reducing its stake in the Crown utility to 49.9 per cent.

Because of the deal terms, the province banked the cash as soon as it launched. However, weak investor demand for the issue left underwriters holding nearly half of the shares on offer.

On Thursday, investment banks led by Royal Bank of Canada and Canadian Imperial Bank of Commerce priced the remaining shares, amounting to 42 per cent of the total deal, at $22.60 each, according to people familiar with the situation.

Assuming the sale goes well, it would come as a big relief for non-bank dealers in the syndicate, many of which lack the scale to carry such a large liability of unsold shares. However, it spells smaller fees for all investment banks involved.

Tepid demand for the original sale, which closed on Wednesday, reflected investor fatigue with Hydro One after the utility's initial public offering in late 2015 and a subsequent share issue the following spring.

It also contrasted with recent billion-dollar deals that sold quickly in the oil patch. TransCanada Corp. and Cenovus Energy Inc. are among companies that have issued shares to fund major acquisitions.

Ms. Wynne's debt-saddled government has been paring its stake in the Crown utility to raise cash ahead of an election next year, with proceeds earmarked for transit and infrastructure. The sales have so far netted the province $9-billion.
Deal Expert
Feb 11, 2009
15607 posts
1702 upvotes
Toronto
VonMatterhorn wrote:
May 18th, 2017 6:07 pm
Anyone jumping on Medreleaf IPO? Approx. price/share: $9.50 - $10.50.
No such offer from td
Selling Grizzly Privy Maple Leafs - $33 ea - PM!
[OP]
Deal Expert
User avatar
Sep 19, 2004
19654 posts
2883 upvotes
Waterloo
charliebrown wrote:
May 18th, 2017 5:36 pm
Laurentian Bank using shares to fund a purchase
Subscription receipts @ 51.70

(Caisse buying $25 mil worth)
http://m.marketwired.com/press-release/ ... 217439.htm
Closed in TD
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