GFL Environmental, North America's fourth-largest diversified waste management firm, postponed its IPO on Wednesday. It had filed to raise $1.9 billion by offering 87.6 million shares (1% insider) at a price range of $20 to $24.
The Vaughan, Canada-based company was founded in 2007 and booked $2.0 billion in revenue for the 12 months ended June 30, 2019. It had planned to list on the NYSE under the symbol GFL. J.P. Morgan, BMO Capital Markets, Goldman Sachs, RBC Capital Markets, Scotia Capital, Barclays, BC Partners Securities, Raymond James, Stifel, and TD Securities were set to be the joint bookrunners on the deal.
