Sundial Growers announced Tuesday (July 23) that it has launched an initial public offering (IPO) of its common shares in the US and Canada following a registration statement on Form F-1 previously filed with the United States Securities and Exchange Commission and an amended and restated preliminary prospectus filed with the securities regulatory authorities in all of the provinces and territories of Canada, save for Quebec.
As quoted in the press release:
Sundial has applied to list its common shares on the Nasdaq Global Select Market (“Nasdaq”) under the ticker symbol “SNDL”. Listing on Nasdaq is subject to the Company satisfying applicable regulatory requirements, including fulfilling all Nasdaq listing requirements.
Sundial is offering 10,000,000 common shares at an initial price to the public estimated to be between US$12.00 and US$14.00 per share. Sundial intends to grant the underwriters a 30-day over-allotment option to purchase up to 1,500,000 additional common shares.