Tilray Inc. announced on June 20th the company has filed for their initial public offering (IPO) with the NASDAQ Global Select Market with the trading symbol of “TLRY”. The amount of common shares offered and the price per share has not been decided on.
Tilray has also filed a prospectus for an IPO that takes place in Canada with the securities authorities respective to each province in Canada, excluding Quebec. This is done to ensure people purchasing in Canada aren’t restricted on their resale of Tilray shares. However, this does not mean Tilray intends to list on any stock exchange in Canada.
The two companies Cowen and BMO Capital Markets will both work as book-runners for the Tilray IPO. Cowen will be the sole runner in a management position for the U.S. and BMO will take care of the Canada side of the IPO.