[May 17, 2013] Halogen Software raises $54.96 in initial public offering Tweet May 17, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- Halogen Software, Inc., a Canada-based provider of software-as-a-service talent management solutions, has completed its proposed initial public offering (IPO) of 4.8 million shares at a price of CAD11.5 ($11.45) per share that results in gross proceeds of CAD55.2 million ($54.96 million). As part of the offering, Halogen has issued 4.36 million common shares and JMI Equity Fund VI, L.P. (selling shareholder) has issued 0.43 million common shares in the offering. Halogen has granted the underwriters an over-allotment option, exercisable in whole or in part at any time for a period of 30 days, to purchase up to an additional 0.72 million common shares. Halogen's common shares will begin trading from May 17, 2013 on the Toronto Stock Exchange under the symbol 'HGN'. Update on May 9, 2013: Halogen has priced its proposed IPO of 4.8 million shares at a price of CAD11.5 ($11.45) per share to raise gross proceeds of CAD55.2 million ($54.96 million). Announcement (April 2, 2013): Halogen Software has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada in connection with a proposed IPO of its common shares. Canaccord Genuity Corp., Stifel Nicolaus Canada, Inc., Raymond James, Ltd., Cantor Fitzgerald Canada Corporation and National Bank Financial, Inc. are acting as underwriters for the offering. Osler, Hoskin & Harcourt LLP is acting as legal counsel to Halogen and LaBarge Weinstein LLP acted for the underwriters. Deal Value (US$ Million) 54.96 Deal Type IPO Sub-Category IPO,Completed Deal Status Completed: 2013-05-17 Deal Participants Target (Company) Halogen Software, Inc. Deal Rationale Halogen will use the funds grow its operations, invest in product development, and strengthen its balance sheet. Offer Price ($ per share) 11.45 No. Shares Issued 4800000 [ Back To TMCnet.com's Homepage ]