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BIG DEAL: Payfare announces exercise of $9.8 million over-allotment option bringing IPO gross proceeds to $75.2 million

Apr 07, 2021

Big Deal - High Fives

Payfare Inc. (TSX: PAY), a leading fintech company offering digital banking and payment solutions for marquee clients such as Uber, DoorDash, and Lyft, announces the exercise of the over-allotment option granted to the underwriters in connection with its previously announced initial public offering bringing the total proceeds as part of the initial public offering to $75.2 million. The Offering was made possible through a syndicate of underwriters (collectively, the “Underwriters”) led by Stifel GMP and included Scotia Capital, Canaccord Genuity, and Raymond James.

Minden Gross LLP acted for the Underwriters with a team that consisted of Andrew Elbaz (Partner), David Judson (Partner), Alexander Katznelson (Associate), Darren Nguyen (Associate), and Radha Lamba (Student-at-Law) – Securities and Capital Markets Group.

Read the media release here: