On May 5, 2015, Innova Gaming Group Inc. completed its initial public offering of its common shares in Canada which consisted of the issuance and sale by Innova of 3,750,000 shares for aggregate gross proceeds to Innova of approximately CDN$15 million and the sale by Amaya Inc. of 8,520,000 shares for aggregate gross proceeds to Amaya of approximately CDN$34.1 million. Innova was listed on the TSX and commenced trading on May 5, 2015 under the symbol “IGG”.
The Offering was made through a syndicate of underwriters led by Canaccord Genuity Corp. and including Cantor Fiztgerald Canada Corporation, Cormark Securities Inc., Desjardins Securities Inc., Dundee Securities Ltd. and Clarus Securities Inc.
Innova was represented externally by Osler on Canadian matters with a team consisting of Eric Levy, Bastien Gauthier and Jeremy Brisset (Corporate Finance and Securities); and Manon Thivierge (Tax), and on US matters by Jason Comerford (Corporate Finance and Securities).