Issue 10 – GFL Environmental IPO

GFL Environmental (TSX: GFL, NYSE: GFL) completed their Initial Public Offering (IPO) and began trading this past Tuesday on both the Toronto and New York stock exchanges. Reflective of the extreme volatility we’re seeing in markets, its safe to say that first day of trading did not play out as hoped. The IPO, which saw strong demand and was well oversubscribed, moved lower during the day. The deal was priced at $19 USD and at one point traded below $17.

Disclaimer: Palos Funds are shareholders of GFL.

By Charles Marleau, CIM

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By Charles Marleau, CIM

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By Hubert Marleau

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By Robert Mendel

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By William Mitchell