The soon-to-be-public brokerage firm, GMP Capital Corp. has filed its final prospectus, pricing its stock at $11 a share.
The firm expects to raise $100,100,000, with 9,100,000 common shares on offer. GMP Capital Corp. is a newly formed corporation that was incorporated to acquire the business currently carried on by Griffiths McBurney & Partners and its subsidiaries. It will be listed under the symbol “GMP”, subject to the company fulfilling all the requirements of the TSX on or before February 20, 2004.
The offering is being led by CIBC World Markets Inc., with participation from Griffiths McBurney, BMO Nesbitt Burns Inc., Dundee Securities Corporation, Canaccord Capital Corporation, Haywood Securities Inc., McFarlane Gordon Inc. and Sprott Securities Inc. The underwriters stand to share a $6 million fee of the IPO, with the remaining $94,094,000 going to the firm.