On May 11, 2017, Real Matters Inc. (“Real Matters”) successfully closed its initial public offering and secondary offering (together, the “Offering”) of an aggregate of 12,056,186 common shares at a price of $13.00 per common share for total gross proceeds of $156,730,418. Pursuant to the Offering, Real Matters issued 9,620,000 common shares from treasury for gross proceeds of $125,060,000, while 2,436,186 common shares were sold pursuant to a secondary offering by certain shareholders for gross proceeds to the shareholders of $31,670,418.
The Offering was managed by a syndicate of underwriters, with BMO Capital Markets, INFOR Financial Inc. and BofA Merrill Lynch as the lead underwriters and joint bookrunners and with Scotia Capital Inc., TD Securities Inc., Wells Fargo Securities Canada, Ltd., Canaccord Genuity Corp., National Bank Financial Inc. and Raymond James Ltd. as co-managers.
Real Matters is a leading network management services platform for the mortgage and insurance industries.
Real Matters Inc. was represented by an in-house team led by Nicolas Catros, General Counsel and Corporate Secretary. Wildeboer Dellelce LLP provided external support with a team that included Perry Dellelce, Rob Wortzman, Michael Rennie, Rebecca Cochrane and Carlye Bellavia and Patricia Good (corporate/securities) and John Kutkevicius (tax).
The syndicate of underwriters was represented by Torys LLP with a team that included Kevin Morris, Alison Harnick, Vanessa Komarnicki, Michele Cousens and Sharon Au (corporate/securities).