IPL Plastics Inc. completes C$191.7M initial public offering

Date Closed

June 28, 2018

Lead Office



191.70 Million CAD

On June 28, 2018, IPL Plastics Inc. closed its initial public offering of 13,200,000 common shares at a price of C$13.50 per share for gross proceeds of C$178.2 million. On July 27, 2018, the underwriters partially exercised the over-allotment option for additional gross proceeds of C$13.5 million. IPL Plastics began trading on the Toronto Stock Exchange ("TSX") under the ticker TSX:IPLP on the same day as the closing of the initial public offering. 

The underwriters were led by BMO Capital Markets, CIBC Capital Markets and RBC Capital Markets, acting as joint bookrunners, and included National Bank Financial Inc., J&E Davy, Goodbody Stockbrokers UC, Desjardins Securities Inc., GMP Securities L.P., HSBC Securities (Canada) Inc., and Laurentian Bank Securities Inc.

IPL Plastics is a leading provider of sustainable packaging solutions focused on the food and consumer, agricultural, logistic and environmental end-markets. Headquartered in Dublin and Montreal, it operates in Canada, the United States, the United Kingdom, Ireland, China and Mexico.

McCarthy Tétrault LLP advised the underwriters with a team led by Clemens Mayr that included Hadrien Montagne, François Dupuis, Jessica Rousseau, Myreille Gilbert, Étienne Guertin and Isabelle Nazon (Business), Christian Meighen and Alexandra Carbone (Tax), Mary Pagonis and Matthew Pekofsky (Real Property), Diana Theophilopoulos (Labour & Employment), Cindy Vaillancourt and Martin Thiboutot (Environmental), and Véronique Wattiez Larose and Mylène Mastrostefano (Intellectual Property).