Farmers Edge successfully closes C$125M initial public offering
March 03, 2021
125.00 Million CAD
On March 3, 2021, Farmers Edge completed an initial public offering of commons shares on the TSX valued at C$17 per share, raising C$125 million in total. The syndicate of investment banks underwriting the offering was led by National Bank of Canada and Canadian Imperial Bank of Commerce. Farmers Edge has stated that it intends to use proceeds towards expanding its business internally, repaying debt, and working capital.
Farmers Edge, based in Winnipeg, is a leading digital agriculture company that delivers solutions powered by a combination of field-centric data, artificial intelligence, and complete integration.
McCarthy Tétrault advised Farmers Edge with a team led by Deandra Schubert and Jeremy Pleasant that included Glynnis Morgan, Niki Gill, and Haiya Peng (Business), Stefanie Morand, Douglas Cannon and Jeremy Ho (Tax), David Tait and Vincent Yip (Intellectual Property), and Deron Waldock (Pensions & Benefits).