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Bloomberg
MCAP Corp., a Canadian mortgage finance company, will seek to raise about C$275 million ($212 million) through an initial public offering as soon as next month, according to people with knowledge of the company’s plans.
The Toronto-based business, which has about C$55 billion of mortgages under administration, filed a preliminary prospectus with Canadian regulators last month for an IPO. MCAP plans to list its shares on the Toronto Stock Exchange and hired Royal Bank of Canada and Bank of Montreal to lead the sale, regulatory filings show. A spokesman for MCAP declined to comment.