Canadian mortgage broker Pineapple Financial (PAPL) has filed for a proposed $18M initial public offering on the US market.
The company hopes to list its shares on Nasdaq under the symbol PAPL. EF Hutton is serving as lone bookrunner.
Based in Ontario, Pineapple provides mortgage brokerage services and related technology solutions to Canada’s mortgage sector. The company is also building an insurance business called Pineapple Insurance.
For the fiscal year ended Aug. 31, Pineapple reported a net loss of $3M on gross revenue of $20M.
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