Thoughts on space tech as an investment?
The Offering was made through a syndicate of underwriters led by BMO Capital Markets, Morgan Stanley Canada Limited and Scotiabank, as joint bookrunners, with Barclays Capital Canada Inc., RBC Dominion Securities Inc., Canaccord Genuity Corp., CIBC World Markets Inc., National Bank Financial Inc. and Stifel Nicolaus Canada Inc., as underwriters.
With over 60 years of space innovation in Canada and a government injection of over 2 Billion dollars Canada has been making serious space news. Today MDA who is the largest benefactor of that investment finalized its initial public offer at $14 per share.
The timing bodes well for MDA as the company has also been active in creating jobs and opportunities for the growing earth observation market. It was announced last month that the Government of Canada intends to launch an international space program to track illegal fishing. MDA is a key partner providing data from its partnership in the Radarsat program.
https://techbomb.ca/space/canadas-largest-space-company-mda-completes-initial-public-offering/
Submitted April 07, 2021 at 09:35AM by NeptuneAgency https://ift.tt/31Qs27s
