MDA Ltd., a provider of advanced technology and services to the burgeoning global space industry, today announced the successful closing of its previously announced an initial public offering (IPO) of common shares of the company. Pursuant to the Offering, MDA issued 28,571,500 Common Shares at a price of CDN$ 14.00 per Common Share for gross proceeds to the company of approximately CDN$ 400 million.
The common shares are listed on the Toronto Stock Exchange under the symbol “MDA”.