Nuvei Corporation’s $424 Million IPO

Fasken Martineau DuMoulin LLP acted as legal counsel to Nuvei in connection with the Offering and Nasdaq listing.

Nuvei Corporation, the global payment technology partner of thriving brands, completed a marketed offering of subordinate voting shares in the United States and Canada, representing Nuvei’s initial public offering in the United States. 

Nuvei issued a total of 3,450,000 subordinate voting shares, including 450,000 subordinate voting shares following the exercise in full by the underwriters of their over-allotment option.

The subordinate voting shares were issued at a price of US$123.14 per subordinate voting share, for gross proceeds to Nuvei of US$424,833,000.

Nuvei’s subordinate voting shares commenced trading in US dollars on Nasdaq Global Select Market and will continue to trade on the Toronto Stock Exchange in Canadian dollars under the symbol “NVEI”.

Goldman Sachs & Co. LLC, Credit Suisse, J.P. Morgan, BMO Capital Markets and RBC Capital Markets acted as bookrunners for the Offering and Raymond James Ltd., Canaccord Genuity Corp., Cowen and Company, LLC, Keefe, Bruyette & Woods, A Stifel Company, William Blair, National Bank Financial Inc., CIBC Capital Markets and Scotiabank were also acting as underwriters for the Offering.

The Fasken team comprised of Caitlin Rose (Picture), Jean-Michel Lapierre, Guillaume Saliah, Alexandra Freedman, Paul Khoury, Gemma Caprio and Aurélie Ménard.

Involved fees earner: Gemma Caprio – Fasken Martineau; Alexandra Freedman – Fasken Martineau; Paul Khoury – Fasken Martineau; Jean Michel Lapierre – Fasken Martineau; Caitlin Rose – Fasken Martineau; Guillaume Saliah – Fasken Martineau;

Law Firms: Fasken Martineau;

Clients: Nuvei Corporation;

Sonia Carcano

Author: Sonia Carcano