Colliers international group inc. announces us$300 million bought deal public offering of equity

Toronto, feb. 22, 2024 (globe newswire) -- colliers international group inc. (tsx and nasdaq: cigi) (“colliers” or the “company”) has announced today that it has entered into an agreement with a syndicate of underwriters led by bmo capital markets and j.p. morgan, under which the underwriters have agreed to buy on a “bought deal” basis 2,479,500 subordinate voting shares (the “subordinate voting shares”), at a price of us$121.00 per subordinate voting share for gross proceeds of approximately us$300 million (the “offering”). colliers has granted the underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the offering, to purchase up to an additional 15% of the offering to cover over-allotments, if any. the offering is expected to close on or about february 28, 2024.
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