IGM Financial Inc. Announces Wealthsimple's Transaction
IGM Financial Inc., a leading Canadian wealth and asset management company, has released details on Wealthsimple's financing round of up to $750 million.
The transaction includes a $550 million primary offering and a secondary offering of up to $200 million, co-led by GIC and Dragoneer, to accelerate Wealthsimple's growth.
- New investor: CPP Investments
- Existing investors: IGM, Power Corporation of Canada, ICONIQ, Greylock, and Meritech
The value of IGM's investment in Wealthsimple increases by $680 million to $2.16 billion.
For more information, contact 877-269-7890 from 8 AM - 10 PM ET.
Author's summary: IGM Financial Inc. releases details on Wealthsimple's $750 million financing round.