GFL racks up about $1.4bn for IPO: Reuters

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.

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