'Orphan Black' Producer Boat Rocker Media Completes $170 Million IPO

hollywoodreporter.com:

Shares in Orphan Black producer Boat Rocker Media have begun trading on the Toronto Stock Exchange after the indie studio cut the price and size of the offering to complete a $170.1 million initial public offering.

On Wednesday, stock in Boat Rocker traded down 47 cents, or just over 5 percent, at $8.53 after the Toronto-based indie studio dropped its share price and the size of the offering ahead of its market listing.

To complete the IPO, Boat Rocker issued 18.9 million subordinate voting shares at an initial $9 each, and will use the proceeds of the market listing to repay credit facility debt and fund scripted and unscripted series production.