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Middlefield Group announces C$40M IPO of Real Estate & E-Commerce Split Corp.

Date Closed

November 19, 2020

Lead Office



40.00 Million CAD

On November 19, 2020, Real Estate & E-Commerce Split Corp. completed an IPO valued at C$40 million. The Company will invest in a diversified, actively managed portfolio of dividend-paying securities of issuers operating in the real estate or related sectors, including real estate investment trusts.

The syndicate of agents for the IPO was co-led by CIBC Capital Markets and RBC Capital Markets, and included BMO Capital Markets, Scotiabank, TD Securities Inc., Canaccord Genuity Corp., National Bank Financial Inc., Industrial Alliance Securities, Manulife Securities Incorporated, Raymond James Ltd., Richardson GMP, Middlefield Capital Corporation, Echelon Wealth Partners Inc. and Mackie Research Capital Corporation.

Middlefield Group creates and manages specialized investment products for individual and institutional investors.

McCarthy Tétrault LLP advised the syndicate of agents with a team led by Andrew Armstrong that included Mariko Rivers (Securities) and Gabrielle Richards (Tax).