Coveo Solutions Inc.’s C$215 Million Initial Public Offering

Fasken Martineau DuMoulin LLP advised the underwriters in connection with Coveo Solutions Inc.’s initial public offering and concurrent private placement.

Coveo Solutions Inc., a market-leading AI-powered relevance platform, closed its initial public offering of 14,340,000 subordinate voting shares at a price of C$15.00 per share, for gross proceeds of C$215 million.

This transaction was made through a syndicate of underwriters led by BMO Capital Markets, BofA Securities, RBC Capital Markets and UBS Investment Bank, as joint bookrunners, and Canaccord Genuity Corp., Oppenheimer & Co. Inc., National Bank Financial Inc., Scotiabank, TD Securities Inc. and Ramirez & Co., Inc.

Along with the closing of the initial public offering, Coveo also closed a direct private placement of 129,996 subordinate voting shares to certain customers, suppliers and other business partners residing outside Canada.

The Fasken team was led by Caitlin Rose (Picture) and included Jean Michel Lapierre, Guillaume Saliah, Alexandra Freedman, Anthony Sylvain, Claudia Paquette (Securities), Anne-Marie Naud (Corporate), Kateri-Anne Grenier, Julie Uzan-Naulin, William Deneault-Rouillard (Privacy and Cybersecurity), Jean-Philippe Mikus, Geneviève Laliberté (Intellectual Property), Terry Kyle Lapierre (Labour & Employment), Martin Legault and Quentin Lageix (Tax).

Involved fees earner: William Deneault-Rouillard – Fasken Martineau; Alexandra Freedman – Fasken Martineau; Kateri-Anne Grenier – Fasken Martineau; Quentin Lageix – Fasken Martineau; Geneviève Laliberté – Fasken Martineau; Jean Michel Lapierre – Fasken Martineau; Terry Kyle Lapierre – Fasken Martineau; Martin Legault – Fasken Martineau; Jean-Philippe Mikus – Fasken Martineau; Anne-Marie Naud – Fasken Martineau; Claudia Paquette – Fasken Martineau; Caitlin Rose – Fasken Martineau; Guillaume Saliah – Fasken Martineau; Anthony Sylvain – Fasken Martineau; Julie Uzan-Naulin – Fasken Martineau;

Law Firms: Fasken Martineau;

Clients: Bank of America Securities; BMO Capital Markets; Canaccord Genuity; National Bank Financial Inc.; Oppenheimer & Co; Ramirez & Co.; RBC Capital Markets; Scotiabank; TD Securities; UBS Investment;

Sonia Carcano

Author: Sonia Carcano