Venture-backed Dialogue completes IPO, raises C$100m

Dialogue Health Technologies, a Montreal-based virtual healthcare and wellness company, has completed its initial public offering, raising about C$100 million.

Dialogue Health Technologies, a Montreal-based virtual healthcare and wellness company, has completed its initial public offering, raising about C$100 million. Its shares will commence trading this week on the Toronto Stock Exchange under the symbol “CARE”. Dialogue is backed by backed by Caisse de dépôt et placement du Québec, First Ascent Ventures, HV Holtzbrinck Ventures, Portag3 Ventures, Sun Life Financial, Walter Ventures, White Star Capital and others.

PRESS RELEASE

MONTRÉAL, March 30, 2021 /CNW Telbec/ – Dialogue Health Technologies Inc. (“Dialogue” or the “Company”) announced today the closing of its previously announced initial public offering (the “Offering”) pursuant to which it sold an aggregate of 8,334,000 common shares of the Company at a price of $12.00 per share, for total gross proceeds of approximately $100 million.

The Common Shares will commence trading today on the Toronto Stock Exchange under the symbol “CARE”.

“This IPO is an exciting new chapter for Dialogue and will not change our number-one focus to facilitate the delivery of high-quality care to our members and customers,” said Cherif Habib, CEO of Dialogue. “We will continue growing our platform, launching new health and wellness programs and bringing our solution to millions of people worldwide. A warm welcome to our new shareholders and partners joining us on this journey.”

The Offering was made through a syndicate of underwriters led by National Bank Financial Inc., RBC Capital Markets, Scotiabank and TD Securities Inc. as joint bookrunners and including CIBC World Markets Inc., Desjardins Securities Inc., Canaccord Genuity Corp., iA Private Wealth Inc., INFOR Financial Inc. and Laurentian Bank Securities Inc.

No securities regulatory authority has either approved or disapproved the contents of this news release. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Dialogue in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and may not be offered, sold or delivered, directly or indirectly, in the United States (as defined in Regulation S under the U.S. Securities Act). Accordingly, the securities may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Dialogue
Incorporated in 2016, Dialogue is Canada’s premier virtual healthcare and wellness platform, providing affordable, on-demand access to quality care. Through our team of health professionals, we serve employers and organizations who have an interest in the health and well-being of their employees, members and their families. Our Integrated Health Platform™ is a one-stop healthcare hub that centralizes all of our programs in a single, user-friendly application, providing access to Services 24 hours per day, 365 days per year from the convenience of a smartphone, computer or tablet.