EdgePoint Investment Group Inc., the manager of Cymbria Corp., announced Tuesday that Cymbria has completed an initial public offering of 13 million non-redeemable class A shares at a price of $10 a share.

Cymbria has also closed a private placement of 9,182,461 non-redeemable class J shares, at a price of $10.00 a share.

The aggregate gross proceeds of the IPO and the private pffering is $221,824,610.

Cymbria has granted to the syndicate of agents an over-allotment option, exercisable for a period of 30 days from Nov. 4, to purchase up to 1,950,000 class A shares (15% of the aggregate number of class A shares issued in connection with the IPO). The class A shares are listed for trading on the Toronto Stock Exchange under the symbol CYB.

Cymbria’s investment objective is to provide shareholders with long-term capital appreciation through an actively managed portfolio comprised primarily of global equity securities and a 22% interest in EdgePoint Wealth Management Inc., a wealth management company formed by EdgePoint, a company controlled by Tye Bousada, Patrick Farmer, Robert Krembil and Geoff MacDonald.

Krembil has control of 1 million class J shares purchased through the private offering (all such shares are beneficially owned by The Krembil Foundation), representing approximately 10.9% of the issued and outstanding class J shares. These shares are held for investment purposes and may be disposed of from time to time or additional shares may be acquired, Edgepoint says.

The syndicate of agents is co-led by BMO Capital Markets and CIBC World Markets Inc. and includes RBC Capital Markets, Scotia Capital Inc., TD Securities Inc., National Bank Financial Inc., Dundee Securities Corp., Blackmont Capital Inc., Canaccord Capital Corp., HSBC Securities (Canada) Inc., Industrial Alliance Securities Inc., Raymond James Ltd., Richardson Partners Financial Limited, Desjardins Securities Inc., GMP Securities L.P., M Partners Inc., Manulife Securities Inc., and Wellington West Capital Markets Inc.

IE