Propel Closes C$61 Million Initial Public Offering

About this update from Propel Holdings, Inc.

[{"type":"text","content":"\n \n \n \n Propel Closes C$61 Million Initial Public Offering\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n TORONTO\n \n ,\n \n Oct. 20, 2021\n \n /CNW/ - Propel Holdings Inc. (\"\n \n Propel\n \n \" or the \"\n \n Company\n \n \"), an online financial technology company committed to facilitating access to credit through its proprietary online lending platform, announced today the closing of its initial public offering (the \"\n \n Offering\n \n \") of 6,250,000 common shares of the Company (\"\n \n Common Shares\n \n \") at a price of\n \n C$9.75\n \n per share.\n \n \n \n The Common Shares began trading on the Toronto Stock Exchange (\"\n \n TSX\n \n \") on\n \n October 20, 2021\n \n under the symbol \"PRL\".\n \n \n \n \n \"The completion of this Offering marks a major milestone in Propel's journey to become a leading, global fintech platform, and is the result of the commitment and passion of our incredible team,\" said\n \n Clive Kinross\n \n , Co-Founder and Chief Executive Officer of Propel, \"With this listing, we are entering our next chapter in a strong position for continued growth and remain as dedicated as ever to our consumers and in our belief that every individual deserves access to credit.\"\n \n \n \n \n The Offering is being made through a syndicate of underwriters led by Canaccord Genuity and Scotiabank, as joint bookrunners, and Raymond James, TD Securities, INFOR Financial, Roth Canada and Stifel Nicolaus Canada (collectively, the \"\n \n Underwriters\n \n \").\n \n \n The Offering was completed pursuant to the Company's final prospectus dated\n \n October 13, 2021\n \n (the \"\n \n Prospectus\n \n \") and filed with the securities regulators in each of the provinces and territories of\n \n Canada\n \n . A copy of the Prospectus is available on SEDAR at\n \n www.sedar.com\n \n .\n \n \n \n The Company has also granted to the Underwriters an over-allo...

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