Miranda Technologies completes C$141 million initial public offering

Date Closed: 12/08/2005

Value: C$141 million 

On December 8, 2005, Montreal-based Miranda Technologies Inc., which manufactures and markets high-performance hardware and software for the television broadcast industry, completed a $141 million initial public offering and secondary offering of its common shares, and a listing on the Toronto Stock Exchange. The over-allotment option granted by the selling shareholders to the underwriters was exercised in full on December 14, 2005. Pursuant to the option, the underwriters acquired additional common shares for $15 million. This is Canada’s largest technology IPO in five years.

Miranda was represented in-house by Patrick St-Yves, director of legal services and corporate secretary, and was assisted by BLG with a team that included Jacques Laurent, Frank Allen, John Godber, Fred Enns, Élise Renaud and Neil Hazan (corporate, securities), Charles Marquette (tax), Lise Bertrand (IP) and Johanne Thomas (translation).