Pineapple Financial, a Canadian mortgage brokerage, filed on Thursday with the SEC to raise up to $17 million in an initial public offering.
Pineapple Financial is a Canada-based mortgage technology and brokerage company that provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers. The company currently operates exclusively in Canada and has been approved to operate in 11 provinces and territories, with two additional provinces to follow.
The North York, Canada-based company was founded in 2015 and booked $20 million in revenue for the 12 months ended August 31, 2022. It plans to list on the Nasdaq under the symbol PAPL. EF Hutton is the sole bookrunner on the deal. No pricing terms were disclosed.
