What is the expected price of the Sprott Asset Management IPO?
It is expected that the underwriters who are taking care of the IPO issue from Sprott, will be pricing the issue at $10 per share. This will give a business valuation of around $1.5 billion to Sprott Asset Management IPO.
What are the market valuations and standings of the Sprott IPO?
Sprott Asset Management has a 10 year strong track record hence the retail response to the Sprott Asset Management IPO is expected to be good. On the other hand, the institutional investors have shown a decent demand over the last 3 weeks of the Sprott Asset Management IPO marketing campaign.
Who are the underwriters for the Sprott Asset Management IPO?
Cormark Securities and TD Securities are leading the share sale.
How will the company use the IPO proceeds from Sprott Asset Management IPO?
Interestingly, None of the proceeds of this financing are going to the company, as the shares are being sold by the 71-employee firm's executives. A number of these individuals, including 63-year-old founder Eric Sprott, are expected to re-invest part of the cash they receive in the firm's funds, which hold $6.9-billion of client assets.
| The Sprott IPO will be the largest public company debut of the year, by a wide margin. The biggest initial offering of the first quarter was a $50-million financing for a company named Pristine Power. | Table of Contents |
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