Investment company NordStar Capital bought out Torstar last year for $60 million, but in addition to the iconic newspaper the company is named after, NordStar also got a slew of other under-the-radar assets. One of them is a digital publishing company called VerticalScope. The company maintains digital communities for fans of everything from cars and photography to parenting and outdoor activities such as archery, fishing and sailing. The company had more than $60 million in revenue in its last fiscal year, according to regulatory filings. But VerticalScope closed its initial public offering on the TSX on Monday, raising $125 million by selling almost six million shares to the public at $22 apiece.

Source: CBC News June 21, 2021 19:07 UTC