RIYADH: Definity Financial Corporation, a Canadian property and casualty insurance company, raised nearly C$1.4 billion ($1.1 billion) in the country’s largest initial public offering in 2021, Bloomberg reported.
A total of 63.6 million shares were sold for C$22 apiece, the Waterloo-based company said in a release on Wednesday.
Definity will sell another C$700 million in shares in a private placement to the Healthcare of Ontario Pension Plan and Swiss Re.
