Q: FYI and your comments please. (Cdn $55.50 appx - 5% discount to closing price)
BRIEF-ATS Announces Pricing of 6 mln Common Shares At A Price Of US $41 Per Share
5/24/2023 8:03 PM ET • Reuters
May 24 (Reuters) - ATS Corp:
* 6MLN COMMON SHARES AT A PRICE OF US$41 PER SHARE
BRIEF-ATS Announces Pricing of 6 mln Common Shares At A Price Of US $41 Per Share
5/24/2023 8:03 PM ET • Reuters
May 24 (Reuters) - ATS Corp:
* 6MLN COMMON SHARES AT A PRICE OF US$41 PER SHARE
5i Research Answer:
We have some prior comments on the deal generally posted yesterday. The discount seems about right for a not-huge company listing in the US for the first time. ATS wants new investors to b happy and left something on the table for them. We think US investors will like the company but at times it takes a while for interest to perk up.