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BIG DEAL: Payfare completes $65.4 million Initial Public Offering

Mar 19, 2021

Big Deal - High Fives

Payfare Inc., a leading fintech company offering digital banking and payment solutions for marquee clients such as Uber, DoorDash, and Lyft, has completed its initial public offering for total gross proceeds of C$65.4 million. Payfare started trading on the Toronto Stock Exchange under the symbol “PAY” on March 19, 2021. The initial public 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 in connection with the initial public offering with a team that consisted of Andrew Elbaz (Partner), David Judson (Partner), Alexander Katznelson (Associate), Darren Nguyen (Associate), Adam Quirk (Student-at-Law), and Karlo Varga (Student-at-Law) – Securities and Capital Markets Group.

Read the media release here: 

Image: Andrew Elbaz - Securities and Capital MarketsImage: David Judson, Business Law LawyerImage: Alexander Katznelson, Business Law LawyerImage: Darren Nguyen, Business Law Lawyer