Minto Apartment REIT said to raise $200 million in Canadian IPO [Financial Post (Toronto, Ontario, Canada)]
Toronto Dominion Bank (The) (TD)
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Source: Financial Post
Minto Apartment REIT said to raise $200 million in Canadian IPO The Ottawa-based company priced its shares at $14.50 each, the high end of its marketed $12.50 to $14.50 range, sources said Minto Apartment Real Estate Investment Trust is adding to the roster of property companies tapping Canadian equity markets this year, raising $200 million (US$150.7 million) in its initial public offering, according to people familiar with the matter. The Ottawa-based company priced its shares at $14.50 each, the high end of its marketed $12.50 to $14.50 range, said the people who asked not to be identified because the information is private. A representative for Minto wasn’t immediately available for comment. The company is expected to trade on the Toronto Stock Exchange under the symbol MLUN, according to a regulatory filing. Toronto-Dominion Bank and Bank of Montreal led the share sale, the filing shows. While home sales in Canada have cooled this year, the rental market is heating up, especially
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