
On April 27, 2021, Thinkific Labs Inc. closed its initial public offering of subordinate voting shares and listing on the Toronto Stock Exchange under the symbol “THNC”. The offering consisted of a total of 12,310,000 subordinate voting shares at a price of $13.00 per subordinate voting share. On May 5, 2021, Thinkific issued an additional 1,846,500 subordinate voting shares pursuant to the exercise in full of the over-allotment option by the underwriters. Aggregate gross proceeds were approximately $184 million. BMO Capital Markets and CIBC Capital Markets acted as joint bookrunners and co-lead underwriters for the offering on behalf of a syndicate of underwriters including National Bank Financial Inc., TD Securities Inc., Canaccord Genuity Corp., Cormark Securities Inc. and Stifel Nicolaus Canada Inc.
Thinkific is a leading software firm specializing in helping businesses create, market and sell customized online courses.
Osler, Hoskin & Harcourt LLP advised the underwriters with a team consisting of Trevor Scott, Jason Comerford, Justin Young, Minji Park, Ian Morrison and Megan Young (Corporate), Tim Hughes and James Chang (Tax) and Kate Rusk (Technology).