Evertz IPO to raise $67 million

BURLINGTON, Ont. – Broadcast gear manufacturer Evertz Technologies launched its initial public offering this week. Evertz designs, manufactures and markets video and audio infrastructure equipment for the TV industry. The company’s solutions are purchased by content creators, broadcasters, specialty channels and television service providers to support their multi-channel digital and HDTV broadcast environments and by telecommunications companies to roll-out IPTV. It employs more than 400 people. According to its Sedar documents, the 40-year-old company expects to raise about $67 million (which will be used for more R&D and to pay down debt) with shares priced at $10.25 each. Over the...