TORONTO — Canadian entertainment company Boat Rocker Media announced today it has completed its previously announced initial public offering of subordinate voting shares for total gross proceeds to the company of $170.1 million.
For its IPO, Boat Rocker (which makes The Go Big Show, Mary Makes it Easy, and owns Orphan Black, for example) issued an aggregate of 18.9 million subordinate voting shares at a price of $9 per share.
The company’s subordinate voting shares will commence trading on the Toronto Stock Exchange today under the ticker symbol “BRMI”.
“The completion of our IPO represents an exciting next chapter for Boat Rocker,” said David Fortier and Ivan Schneeberg, co-founders and co-executive chairmen of Boat Rocker Media and co-chairmen of Boat Rocker Studios, in a press release. “We’re proud of what the company has achieved to date, but believe we’re just starting to unlock the full potential of our multi-genre IP creation engine.”
“Following the completion of our IPO we have enhanced balance sheet strength and financial flexibility to advance our growth strategy, against a backdrop of robust and growing demand for content globally,” added John Young, CEO of Boat Rocker Media. “We are now in an ideal position to pursue a range of initiatives designed to further expand our creative and commercial capabilities and deliver shareholder value.”
