TORONTO – MDA Space Ltd. says it is launching an initial public offering in the U.S. with an application to list its common shares on the New York Stock Exchange.
The company says a total of US$300 million in common shares will be for sale.
Underwriting for the IPO will be led by J.P. Morgan and RBC Capital Markets and others will act as joint active book runners.
The Toronto-based robotics, satellite and geointelligence firm says the proceeds will allow it to pursue growth strategies, including expanding its customer base and solutions, as well as possible acquisitions or investments.
Closing of the IPO is subject to customary conditions.
Last week, MDA reported a fourth-quarter profit of $24 million as its revenue rose 44 per cent compared with a year earlier, boosted by its satellite business.
This report by The Canadian Press was first published March 10, 2026.
Companies in this story: (TSX:MDA)
