Tidewater Renewables completes IPO raising $118.7M

In Canada, Tidewater Midstream and Infrastructure Ltd. says its majority-owned subsidiary, Tidewater Renewables Ltd has completed its initial public offering of 10,000,000 common shares at a ‎price of C$15.00 per Common Share, for total gross ‎proceeds of C$150 million‎.

The Common Shares trade on the Toronto Stock Exchange under the symbol “LCFS”.‎

CIBC Capital Markets and National Bank Financial acted as co-lead underwriters and joint ‎bookrunners for the ‎Offering with a syndicate that included ATB ‎Capital Markets, RBC Capital Markets, Acumen Capital Partners, ‎‎Canaccord Genuity, ‎Scotia Capital Inc., Stifel FirstEnergy, Tudor, Pickering, Holt & Co., Echelon Wealth ‎Partners ‎Inc., iA Private Wealth Inc., INFOR Financial Inc., and Paradigm Capital Inc.