Simpson Thacher represented the underwriters, led by J.P. Morgan and RBC Capital Markets, in connection with the initial public offering in the United States by MDA Space Ltd. (“MDA Space”) of 9,836,065 shares of common stock. The offering raised approximately $300 million in gross proceeds. Shares of MDA Space are now listed on the New York Stock Exchange under the ticker symbol “MDA.”
Building the space between proven and possible, MDA Space is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure.
The Simpson Thacher team included Roxane Reardon, Evan Zuckerman, Julie De Keukeleire and Jacob Broz (Capital Markets); Jon Cantor and Jemma Li (Tax); Ron Ben-Yehuda and Chandler Gerard-Reimer (Intellectual Property); Erica Rozow, George Gerstein and Alexander Kharash (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).