Cable & Telecom

VCom to raise $25 million with IPO

VICTORIA – Broadband equipment manufacturer (and small cable company owner) VCom Inc. announced Tuesday that it has filed a final prospectus with the securities regulatory authorities in each of the provinces of Canada in connection with its initial public offering of its common shares. The company will issue 3,335,000 common shares at $7.50 per share for gross proceeds of $25,012,500. The company and the principal shareholders have granted the underwriters an over-allotment option to purchase up to an additional 500,250 common shares (of which up to 225,250 will be issued by the company from treasury and up to 275,000 will...