(January 12 – 11:20 ET) —Industrial-Alliance Life Insurance Co. is beginning a pre-IPO roadshow today in several cities across Canada, the U.S. and Europe, with the expectation going public next month.
The European roadshow opens in London and will then visit Paris, Zurich and Milan. In Canada, presentations will be made in Quebec City, Montreal, Toronto, Winnipeg, Calgary and Vancouver. While Americans in New York, Boston, Philadelphia, Chicago, Houston, San Francisco and Los Angeles will also be targeted.
The IPO is scheduled to close Feb. 7, with the roadshow concluding Jan. 31. The firm expects to issue 21.5 million shares and to list on the Toronto Stock Exchange under the symbol “IA”.
The deal involves 11 investment dealers, led by Nesbitt Burns Inc. Merrill Lynch Canada is senior co- manager, joined in the syndicate by RBC Dominion Securities, Scotia Capital, National Bank Financial Corporation and TD Securities as co-managers. The other underwriters are CIBC World Markets, Griffiths McBurney & Partners, HSBC Securities (Canada), Newcrest Capital and Fox-Pitt, Kelton.
IE Staff