Urbana Corp T.URB

Alternate Symbol(s): URNAF | C.URB | C.URB.A | T.URB.A | UBAAF

Financial Services Asset Management

Urbana Corporation is a Canada-based investment company. The Company’s objectives are to seek out, and invest in, private investment opportunities for capital appreciation and invest in publicly traded securities. The Company makes investments in a range of private companies across different industry sectors. The Company’s investment portfolio includes private equity investments, public equity investments and private debt investments. It has owned resource properties in Urban Township, Quebec, where it holds approximately 44 claims in the area totaling over 1,154.4 hectares. Caldwell Investment Management Ltd. (CIM) is the investment manager, which manages the Company’s investment portfolio. The Company’s subsidiaries include Urbana International Inc. and Radar Capital Inc.

TSX:URB - Post by User

Urbana Corp

Bullboard Posts

Comment by Coloradoon May 06, 2017 1:42pm

137 Views

Post# 26212544

RE:RE:Real Matters - priced at high end, start trading next week

Urbana currently has 6,271,422 shares of Real Matters Inc. valued at C$5.25/share per Urbana's Portfolio Summary dated April 28, 2017.

Real Matters just announced an IPO price of C$13/share. That would catapult Urbana's NAV higher by $48.6 million or $0.96/share.

For simplicity I've disregarded any IPO expenses payable by Urbana (if any), tax provisions, etc.

All else being equal, Urbana's NAV would then be around $5.71/share. Assuming a conservative discount of 30%, I see the stock price moving to $4 relatively quickly.

I would love to know how many shares Urbana is selling through the IPO (does anybody on this board know?). Given that the IPO was seventimes oversubscribed, there is a good chance Real Matters' share price will rise further. Hence I'm actually hoping Urbana is holding on to most of their stock for at least a a few months post-IPO.

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