Sinda Ltd. Announces Pricing of Initial Public Offering
Sinda Ltd. (the "Company" or "Sinda") today announced the pricing of its initial public offering ("IPO") of 17,750,000 shares of its common stock at a public offering price of $12.00 per share. In connection with the offering, Sinda has granted the underwriters a 30-day option to purchase an additional 2,662,500 shares of its common stock at the IPO offering price, less underwriting discounts and commissions.
Sinda's common stock is expected to begin trading on the New York Stock Exchange on June 26, 2026, under the ticker symbol "SIND." The offering is expected to close on June 29, 2026, subject to customary closing conditions.
Morgan Stanley, Scotiabank and BMO Capital Markets are acting as joint lead book-running managers for the proposed offering. Canaccord Genuity, Citigroup and RBC Capital Markets are acting as joint bookrunners.
The proposed offering will be made only by means of a prospectus. A copy of the preliminary prospectus related to the proposed offering may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; Scotia Capital (USA) Inc., 250 Vesey Street, 24th Floor, New York, NY 10281, Attention: Equity Capital Markets, or by telephone at (212) 255-6854, or by email at us.ecm@scotiabank.com; and BMO Capital Markets Corp., Attn: Equity Syndicate Department, 151 W 42nd Street, 32nd Floor, New York, NY 10036, or by email at bmoprospectus@bmo.com.
