MDA Ltd. Completes Initial Public Offering
|Areas||Mergers and Acquisitions|
Goodmans LLP acted for MDA Ltd.
MDA Ltd. ("MDA" or the "Company"), a leading provider of advanced technology and services to the burgeoning global space industry, today announced the successful closing of its previously announced initial public offering of common shares (the "Common Shares") of the Company (the "Offering"). Pursuant to the Offering, MDA issued 28,571,500 Common Shares at a price of $14.00 per Common Share for gross proceeds to the Company of approximately $400 million.
The Common Shares are listed on the Toronto Stock Exchange under the symbol "MDA".