Canadian tech IPO frenzy continues as Vendasta, Thinkific and Magnet Forensics all file to go public theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
March 07, 2021
Fairfax Financial Holdings Ltd, the Toronto, Ontario-based financial holding company owned by Indian born businessman V Prem Watsa, has started preparatory work to list Anchorage Infrastructure Investments Holdings Ltd (Anchorage) on the Indian stock exchanges, potentially valuing the company at $1.3 billion.
Fairfax hasn’t indicated a timeline for the planned initial public offering (IPO) in Anchorage, which was set up in 2019 as a wholly-owned unit of Fairfax India Holdings Corporation to act as its flagship investment vehicle for airports and other infrastructure investments in India.
In 2019, Fairfax India signed definitive agreements with OMERS (the pension plan for municipal employees in the province of Ontario, Canada) to transfer 43.6 per cent out of the 54 per cent that it owns in Bangalore International Airport Limited (BIAL) to Anchorage and OMERS to invest about $130 million to acquire from Fairfax India an 11.5 per cent interest on a fully diluted
Winnipeg agriculture tech play Farmers Edge jumps 17 5 per cent in TSX debut after $125-million IPO theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Torstar plans online gambling portal to fund future journalism efforts VIDEO SIGN OUT
Torstar Corp. is turning to online gambling as a potential new revenue source that the Canadian newspaper publisher intends to help support future journalistic efforts.
The publisher - which oversees more than 70 newspapers, led by the Toronto Star - said Monday it plans to launch a gambling portal sometime this year after Ontario and federal officials pass legislation that will expand how Canadians can place bets on sports games and gamble online.
Ontario said in November in its annual budget bill that it plans to modernize the online gambling marketplace to allow private businesses and third-party service providers to enter the regulated industry. Meanwhile, Canadian federal politicians are undertaking a public consultation process ahead of a bill that would allow single-game sports betting across the country.
Torstar plans online gambling portal to help fund future journalism efforts bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.