Canaccord Genuity acts as Bookrunner to LifeSpeak on its C$125 million Initial Public Offering on the TSX
Canaccord Genuity is pleased to announce that on July 6, 2021, it completed an initial public offering (“IPO”) of common shares on the Toronto Stock Exchange (“TSX”), for LifeSpeak Inc. (“LifeSpeak” or the “Company”) (TSX:LSPK) for gross proceeds of C$125.0 million (C$143.8 million if the over-allotment option is exercised in full). The Company intends to use the net proceeds from the Treasury Offering of C$90.0 million to pursue growth strategies, which include platform expansion, pursuing strategic M&A and strengthening the Company’s financial position.
LifeSpeak is a leading software-as-a-service provider of digital mental health and total well-being education for mid- and enterprise-sized organizations committed to taking care of their employees and customers. With 17+ years of experience creating and curating thousands of expert-led micro-learning videos and other digital content, LifeSpeak’s proprietary library’s depth and breadth of easily consumable content helps companies around the world support their people anytime and anywhere. LifeSpeak serves a diverse global client base across many industries and sectors, including Fortune 500 companies, government agencies, insurance providers and other health technology firms.
The Canaccord Genuity team included Mike Lauzon, Dudley Baker, Myles Hiscock, Yahya Rafique, Fred Fang, Balraj Parhar, Robert Higham and Matthias Eyford from Investment Banking, Jason Melbourne from Equity Sales, and Len Sauer and Lily Yu from Equity Capital Markets.