Sarment Holding Limited has filed a second amendment to its prospectus in connection with its proposed initial public offering of its ordinary shares at an offering price of between CDN $3.15 and CDN $3.25 per ordinary share.
Sarment Holding plans to raise minimum of CDN $19 million and maximum of $33 million. Sarment Holding has planned to raise up to CDN $53 million in its initial filing.
Sarment Holding has applied to have its ordinary shares on the TSX Venture Exchange under the symbol “SAIS”.
The offering is made a “best-efforts” basis by Haywood Securities Inc. as lead agent and sole bookrunner. Canaccord Genuity Corp., Cormark Securities Inc. and Paradigm Capital Inc. make up the rest of the underwriting syndicate.
DLA Piper (Canada) LLP and Fogler, Rubinoff LLP act as legal counsels to Sarment and the agents respectively.
Sarment was established in 2012 by Bertrand Faure Beaulieu with a view to becoming the leader in global luxury lifestyle management and the preeminent marketplace for the world’s HNWI market segment.
As at March 31, 2018, Sarment had 137 full-time employees and 11 contractors, consisting of 79 full-time employees and contractors in Singapore and South-East Asia, 47 full-time employees and contractors in China, 15 full-time employees and contractors in Hong Kong/Macau, three full-time employees and contractors in Japan, and four full-time employees and contractors in the rest of the world.
photo credit: Sarment