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Bank of Montreal
Symbol BMO
Shares Issued 647,872,286
Close 2021-09-16 C$ 128.80
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Globe says BMO co-leading Copperleaf Technologies IPO

2021-09-17 08:23 ET - In the News

Also In the News (C-CF) Canaccord Genuity Group Inc
Also In the News (C-CM) Canadian Imperial Bank of Commerce (CIBC)
Also In the News (C-ENB) Enbridge Inc
Also In the News (C-RY) Royal Bank of Canada

The Globe and Mail reports in its Friday edition that Copperleaf Technologies filed Thursday to go public on the Toronto Stock Exchange. The Globe's Sean Silcoff writes that the company sells artificial-intelligence-powered optimization software to large companies with extensive physical assets. Copperleaf's clientele, including Enbridge, use its products to analyze, plan and budget how to spend capital budgets, with an eye toward minimizing business risks. Copperleaf says its software manages decisions on $2.3-trillion worth of infrastructure in 24 countries. Investor reception for Copperleaf will be closely watched to gauge continued interest in new Canadian tech stocks. Copperleaf was founded in 2000 as a consultancy to help electricity generators make financial decisions. Toward the end of the decade it began to develop software. Copperleaf's top ranks are dominated by senior Creo alumni. Copperleaf is mum on how much it hopes to raise but an unnamed source says it will aim for about $150-million. The deal is being led by Bank of America's Merrill Lynch unit and Bank of Montreal. Other underwriters include CIBC World Markets, RBC Dominion Securities, Canaccord Genuity and Cormark Securities.

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