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Financings

Boyd Group closes $897-million (U.S.) IPO in U.S.

By The Northwire Desk — AI Analysis Nov 05, 2025 · 00:30 BYD · 223.50 Boyd Group Services Inc
BYD · Price

Executive Summary

  • Boyd Group Services Inc. has closed its initial public offering (IPO) in the United States, raising approximately $897 million (U.S.) in gross proceeds.
  • The offering consisted of 6,361,800 common shares priced at $141 (U.S.) per share, including the full exercise of the underwriters' over-allotment option.
  • The net proceeds from the offering are intended to partially finance the acquisition of Joe Hudson's Collision Center, a provider of automotive collision repair services.

Key Details

  • Transaction Type: Bought Deal Initial Public Offering (IPO) in the United States.
  • Gross Proceeds: Approximately $897 million (U.S.).
  • Share Price: $141 (U.S.) per share.
  • Total Shares Issued: 6,361,800 common shares.
  • Over-Allotment: The underwriters exercised their option to purchase an additional 829,800 common shares in full.
  • Use of Proceeds: Net proceeds will be used to partially finance the acquisition of Joe Hudson's Collision Center.
  • Listing Information: Shares trade on the Toronto Stock Exchange (symbol: BYD) and the New York Stock Exchange (symbol: BGSI).

Notable Quotes

  • None provided in the text.
Read the original news release →

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