Business
Hostopia completes initial public offering
Hostopia completes initial public offering.
About this update from Pure Energy Minerals Ltd.
[{"type":"text","content":"\n\n\n\n\nMISSISSAUGA, ON, Nov. 10 /CNW/ - Hostopia.com Inc. (TSX: H) today\nannounced the closing of its initial public offering of 4.2 million shares of\ncommon stock, at a price of C$6.00 per share, for gross proceeds of\nC$25.2 million.\nRBC Capital Markets has acted as lead underwriter of a syndicate that\nincludes TD Securities, GMP Securities, and Haywood Securities.\nIn connection with the offering, Hostopia has granted the underwriting\nsyndicate an option to purchase up to 630,000 additional common shares at a\nprice of C$6.00 per share. The option is exercisable, in whole or in part, for\na period of 30 days, to cover over-allotments, if any. If the option is\nexercised in full, gross proceeds to Hostopia will be approximately\nC$29 million.\nA final prospectus has been filed with applicable Canadian securities\nauthorities and is available on www.sedar.com. A registration statement\nrelating to these securities has been filed with, and declared effective by,\nthe United States Securities and Exchange Commission. This announcement shall\nnot constitute an offer to sell or the solicitation of an offer to buy the\ncommon stock of Hostopia.com, nor shall there be any sale of these securities\nin any state or jurisdiction in which such offer, solicitation or sale would\nbe unlawful prior to registration or qualification under the securities laws\nof any such state or jurisdiction. Copies of the final prospectus may be\nobtained by US residents by submitting a written request by facsimile to RBC\nCapital Markets at (212) 428-6260.\n\n\n\n","length":1615,"tagName":"div"}]