TORONTO – GFL Environmental Inc. (GFL) began trading on March 3 under the symbol TSX:GFL.
GFL’s initial public offering (IPO) raised $1.9 billion, ranking this as the third largest IPO (by amount raised) in TSX history. In addition, the company raised $1 billion through a concurrent financing.
Patrick Dovigi, founder and CEO, GFL, will join Loui Anastasopoulos, president, capital formation, at the TMX Group to open the market on Thursday, March 5.
“Listing on TSX is a proud milestone for GFL,” said Dovigi.
“Our success in building GFL into the fourth largest environmental services company in North America and in completing this historic IPO in the face of the market conditions that we launched into are a testament to the continuing belief of our investors in this great GFL story. I feel so fortunate to share this success with our employees whose hard work and dedication to GFL have made today possible.”
Founded in 2007 and headquartered in Vaughan, Ontario, GFL provides solid waste management, infrastructure and soil remediation and liquid waste management services through its platform of facilities across Canada and in 23 states in the U.S.
“This is an extremely proud day for Toronto Stock Exchange as we welcome GFL, a trailblazing company shaping the future of the environmental services industry, to our market,” said Anastasopoulos.
“In marking the occasion of this landmark IPO, we are excited for the opportunity to play a role in fueling the next stage of GFL’s growth story and remain firmly committed to supporting the visionary companies and entrepreneurs that make up our ecosystem.”