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Pineapple Financial Priced, NYSE American: PAPL

Canadian mortgage brokerage.

Industry: Financials

Latest Trade: $0.90 0.00 (0.0%)

First Day Return: -43.8%

Return from IPO: -77.5%

Industry: Financials

Pineapple Financial Inc. (“we” or the “Company”) is a Canadian-based mortgage technology and brokerage company that provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages and consumers. Through data-driven systems together with cloud based tools, we believe we offer competitive advantages in the Canadian mortgage industry relative to alternative mortgage broker arrangements. We also provide back office services, together with pre-underwriting support services (collectively, “Brokerage Services”) to Canadian mortgage brokerages (the “Brokerages”). In connection with Brokerage Services, we employ and engage several licensed mortgage brokers and agents (collectively, “Field Agents”). In addition, we enter into affiliation agreements with certain licensed mortgage brokers (collectively, “Affiliate Brokers” and, together with Field Agents and Brokerages, the “Users”), pursuant to which the Company and the Affiliate Broker enter into an affiliation relationship with the intention of jointly marketing mortgage brokerage and other financial services as affiliated entities. This is sometimes referred to as “white labeling”, which allows the Affiliate Broker to sell a mortgage that is branded with its company name to its own client base.
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IPO Data
IPO File Date 12/01/2022
Offer Price $4.00
Price Range $4.00 - $6.00
Offer Shares (mm) 0.9
Deal Size ($mm) $4
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/31/2023
Offer Price $4.00
Price Range $4.00 - $6.00
Offer Shares (mm) 0.9
Deal Size ($mm) $4
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
EF Hutton
Dominari Securities
Company Data
Headquarters North York, Canada
Founded 2015
Employees n/a
Website gopineapple.com

Pineapple Financial (PAPL) Performance