Wealthsimple's Transaction Strengthens Growth Trajectory
IGM Financial Inc., a leading Canadian wealth and asset management company, 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.
- Investors include CPP Investments, 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.
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Author's summary: IGM Financial's investment in Wealthsimple grows.
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