VICTORIA, British Columbia-VCom Inc. moved closer to a $21 million initial public offering, announcing that it has filed a final prospectus with the securities regulatory authorities in each Canadian province. The company said it plans to issue 3,335,000 common shares at $6.32 per share.
VCom said the closing is scheduled for Nov. 14 and the Toronto Stock Exchange has conditionally approved listing the company’s shares under the symbol “VCM.”
CIBC World Markets Inc. and National Bank Financial Inc. are leading the IPO’s underwriting syndicate, which also includes TD Securities Inc., Orion Securities Inc. and Raymond James Ltd.
VCom designs, manufactures and sells broadband access equipment to cable, wireless and telephone network operators. The company employs approximately 500 people in Western Canada.
