Venture-backed Thinkific Labs seeks C$160m from TSX IPO

Thinkific Labs has priced its initial public offering of subordinate voting shares on the Toronto Stock Exchange to raise C$160 million.

Thinkific Labs has priced its initial public offering of subordinate voting shares on the Toronto Stock Exchange to raise C$160 million, according to a SEDAR filing. The IPO could raise as much as C$184 million if its greenshoe option is exercised in full. Thinkific, a Vancouver-based software platform for creating and selling online courses, last year raised C$22 million in financing led by Rhino Ventures. Rhino plans to buy up to C$25 million of the offering.

See SEDAR filing here.