Canadian waste management company GFL Environmental raised about $1.4 billion for its IPO, pricing it below the target range amid market volatility caused by the coronavirus outbreak, reported Reuters. GFL priced its IPO at $19 per share, compared to the target range of $20 to $21 per share, giving it a market value of $6.08 billion. The company’s pre-IPO backers were BC Partners and Ontario Teachers’ Pension Plan.
Source: Reuters
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