Thinkific Labs Inc.’s $184 Million IPO

Osler, Hoskin & Harcourt LLP advised the underwriters in connection with Thinkific Labs initial public offering.

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.

The Osler, Hoskin & Harcourt team consisted of Trevor Scott (Picture), Jason Comerford, Justin Young, Minji Park, Ian Morrison and Megan Young (Corporate), Tim Hughes and James Chang (Tax) and Kate Rusk (Technology).

Involved fees earner: James Chang – Osler Hoskin & Harcourt; Jason Comerford – Osler Hoskin & Harcourt; Timothy Hughes – Osler Hoskin & Harcourt; Ian Morrison – Osler Hoskin & Harcourt; Minji Park – Osler Hoskin & Harcourt; Katherine Rusk – Osler Hoskin & Harcourt; Trevor Scott – Osler Hoskin & Harcourt; Justin Young – Osler Hoskin & Harcourt;

Law Firms: Osler Hoskin & Harcourt;

Clients: BMO Capital Markets; Canaccord Genuity; Cormark Securities Inc.; National Bank Financial Inc.; Stifel Nicolaus Canada Inc.; TD Securities;

Author: Martina Bellini