Mogo Finance Technology completes IPO
Mogo Finance Technology Inc., a Canadian online lending platform, has successfully completed an initial public for gross proceeds of $50 million. Mogo’s common shares will begin trading June 25th on the Toronto Stock Exchange under the symbol “GO”.’
Mogo has previously received funding from venture capital and private equity firms such as Difference Capital.
The offering was made through a syndicate of underwriters led by BMO Capital Markets and Cormark Securities Inc. as joint bookrunners, and comprised of Canaccord Genuity Corp., CIBC World Markets Inc. and National Bank Financial Inc.