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

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.