It was announced Wednesday that Vancouver-based Anthem Properties Group Ltd. has received significant interest in, and will soon close, its initial public offering (IPO) raising capital for its “Citizen” project in Burnaby’s Metrotown.
In an Oct. 16 press release, Anthem said “it has received expressions of interest and commitments that in the aggregate are expected to achieve the maximum offering amount of $82 million.” Accordingly, the company has filed a final prospectus with securities regulators in each of Canada’s provinces and territories.
It is expected that the offering will close on Oct. 29, according to Wednesday’s release. The announcement was technically made by Anthem Citizen Real Estate Development Trust
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