Canadian media company Stingray unveils IPO plans

April 24, 2015 10:55 PM

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TORONTO/MONTREAL, April 24 (Reuters) - Stingray Digital Group, a business-to-business music provider and media company, said on Friday it plans to go public through a listing on the Toronto Stock Exchange.

A source familiar with the company's plans, who asked not to be named as the details of the offering are not yet public, said Stingray plans to raise C$120 million ($99 million) via the IPO that is expected to close sometime in early June.

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