CI Financial Announces IPO

INVESTMENT MANAGEMENT DEALS BLOG

April 18, 2022

On April 7, 2022, CI Financial Corp. announced its intention to make an initial public offering of its wealth management business.

CI Financial Corp. (“CI Financial”) announced that it intends to sell up to 20% of its wealth management business in an initial public offering (“IPO”). The proceeds of the IPO will be used to pay down debt. CI Financial, which will retain majority control of the wealth management business, plans to file for the offering later this year.

CI Financial (NYSE: CIXX), based in Toronto, is an independent asset management firm. As of February 28, 2022, CI had approximately $292.1 billion in client assets.

To read the press release: please click here.