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COSSETTE COMMUNICATIONS CLOSES IPO

Cossette Communications Group has closed it's Initial Public Offering. The communications-marketing firm announced Friday, it raised a total of $44,494,683 with $41,780,507 net proceeds going to the company. The underwriters purchased a total of 3,632,219 shares at $12.25 per share. The underwriting syndicate was led by Nesbit Burns and includes CIBC World Markets, RBC Dominion Securities and Levesque Beaubien Geoffrion. The shares, now listed on the Montreal and Toronto stock exchanges, are under the symbol KOS.

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