Gold Royalty Corp.

Gold Royalty Corp. (GROY) priced its initial public offering on Mar 9, 2021 at $5.00 per share, raising $90M, and listed on NYSE American. At the IPO price its market capitalization was about $204.1M. H.C. Wainwright was lead-left underwriter, joined by BMO Capital Markets, CIBC and Haywood and others. Sangra Moller and Haynes and Boone advised the company and Stikeman Elliott and Ellenoff Grossman & Schole advised the underwriters.

Gold Royalty Corp. is a royalty holder with an asset portfolio of interests in gold mining properties whose owners and operators are mostly connected to its parent, GoldMining Inc. As a royalty holder, it has limited access to the properties and relies on operators' information.

Status

IPO

Ticker

GROY

Exchange

NYSE American

Priced

Mar 9, 2021

IPO price

$5.00

Raised

$90M

Market cap at IPO price

$204.1M

First filed

Jan 12, 2021

Underwriters

H.C. Wainwright, BMO Capital Markets, CIBC, Haywood, Raymond James, Roth Capital and Scotiabank

Company counsel

Sangra Moller and Haynes and Boone

Underwriters' counsel

Stikeman Elliott and Ellenoff Grossman & Schole

Sector

Energy, mining & utilities

Country / state

British Columbia, Canada

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.