What is Definity IPO?

Definity’s offering is the third-largest IPO of a Canadian company in the past five years and a rare new offering from a financial firm in a year dominated by technology deals.

What is a Definity option?

Definity expects to grant the Underwriters (as defined below) an option, exercisable in whole or in part at any time for a period of 30 days after the closing date of the Offering, to purchase up to such number of Common Shares as represents 15% of the Common Shares offered in the Offering to cover over-allotments, if any.

Is Definity a public company?

As a public company, Definity will be the parent company of Economical Insurance Co., as well as of Family Insurance Solutions Inc., Petline Insurance Co., and Sonnet Insurance Co. – which is a fully digital insurance platform that sells direct to consumers.