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Farmers Edge raises $125.5 million in IPO


Farmers Edge launched on the Toronto Stock Exchange Wednesday, selling shares that brought it $125.5 million.
Those shares were purchased by National Bank Financial Inc., CIBC Capital Markets, Scotia Capital Inc., Canaccord Genuity Corp. and Raymond James Ltd.
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Farmers Edge raises $125.5 million in IPO Back to video
Fairfax Financial made deals prior to the public offering, which gives it 61.5 per cent ownership of Farmers Edge.
Chief financial officer David Patrick said there was demand for eight to nine times as many shares as on offer.
Farmers Edge directors, officers and employees took about $500,000 worth of shares. ....

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