On December 16, 2020, Haivision Systems Inc. closed its initial public offering consisting of a treasury offering of 5,750,000 common shares at a price of $6.00 per common share for aggregate proceeds of $34.5 million. The common shares began trading on the Toronto Stock Exchange on December 16, 2020 under the symbol “HAI”.
The offering was made through a syndicate of underwriters including Canaccord Genuity Corp. and Desjardins Capital Markets as lead underwriters and joint bookrunners, and including BMO Nesbitt Burns Inc., Scotia Capital Inc. and Beacon Securities Limited.
Haivision Systems Inc. is a leading provider of infrastructure solutions for the video streaming market, servicing enterprises and governments globally. It delivers high quality, low latency, secure and reliable video through the entire IP video lifecycle, using a broad range of software, hardware and services in order to deliver a full end-to-end premium level experience.
Osler, Hoskin & Harcourt LLP advised the issuer, Haivision Systems Inc., with a team consisting of Eric Levy, Bastien Gauthier, Jean-Philippe Bertrand, Jason Comerford, Jie Chai, Daniel Stysis (Corporate), Manon Thivierge (Taxation), Lynne Lacoursière and Julien Ranger (Executive Compensation, Labour & Employment).