Canadian danger analytics agency Greifenberg Digital recordsdata for $15M US IPO

Canadian fintech Greifenberg Digital (GDLT) has filed to lift as much as $15M by means of a direct providing of its shares on the US market.

Greifenberg stated in a submitting that it intends to supply as much as 3M shares at the assumed worth of $5 per share, a quantity that would possible change.

Shares shall be supplied by administration on behalf of the corporate on a “finest efforts” foundation, with no underwriter concerned. Buyers can subscribe to the providing by filling out an software hooked up to the prospectus.

The provide shall be accomplished 180 days from the date of the prospectus offered the corporate raises not less than $10M. If it doesn’t, subscribers to the providing can have their subscription worth refunded.

Primarily based in British Columbia, Greifenberg is growing danger analytics for rising fastened earnings markets, focusing first on Chinese language company bond market. The corporate plans to increase to incorporate Australia and rising company bond markets in South America and Asia.

For extra IPO information, take a look at SA’s IPO Information web page.