|Company Name :||
Real Matters Inc.|
| ||Company Profile|
|Filing Date :||
$12.00 - $13.00 per share|
|Closing Date :||
British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Yukon, Northwest Territories, Nunavut
BMO Nesbitt Burns, Inc., INFOR Financial Inc., Merrill Lynch Canada Inc., Scotia Capital Inc., TD Securities Inc., Wells Fargo Securities Canada Ltd., Canaccord Genuity Corp., National Bank Financial Ltd., Raymond James Ltd.|
|Issuer's Law Firm :||
Wildeboer Dellelce LLP|
Law Firm :
|Transfer Agent :||
TMX Equity Transfer Services|
|Business Description :|
|Real Matters Inc. is a leading network management services provider for the mortgage lending and insurance industries. Real Matters' Platform combines its proprietary technology and network management capabilities with tens of thousands of independent qualified Field Agents to create an efficient marketplace for the provision of mortgage lending and insurance industry services. The Platform facilitates competition between Field Agents, such as residential real estate appraisers, to deliver performance-driven services, which brings superior quality, transparency and efficiency to Real Matters' clients.|
Real Matters' Platform was created to address key issues within the mortgage lending and insurance industries. The Company built its Platform to create a long-term competitive advantage relative to traditional service providers, who have comparatively high-touch, labour intensive and costly operations. Through its Platform, Real Matters is able to deliver services faster and with fewer errors. The efficiencies provided by the Platform allow for fewer touch points, which reduces the Company's cost structure and results in high Contribution Margins for Real Matters.
Real Matters operates different brands focused on separate market segments in the U.S. and Canada. Real Matters services the U.S. and Canadian residential mortgage industry through its Solidifi and Linear brands, and the Canadian property and casualty insurance industry through its iv3 brand.
In the U.S., Real Matters' clients include approximately 601 of the top 1002 mortgage lenders, including all Tier 1 mortgage lenders. The Company: i) provides approximately one in 20 residential mortgage appraisals in the U.S. and has approximately 5% market share; and ii) is a national independent provider of title and closing services in the U.S. and has approximately 0.4% market share. In Canada, Real Matters' clients include a majority of the largest Canadian chartered banks as well as some of North America's largest insurance companies. The Company provides: i) residential mortgage appraisals to three of the five largest banks in Canada measured by asset size and has approximately 16% market share; and ii) residential and commercial property insurance inspections to nine of the top 15 insurance carriers in Canada and has approximately 12% market share.
|Industry Category :||Information Technology|
|Company Financials :|
|Fiscal Year-End :||September 30|
|Financials :||Revenue for the three months ended December 31, 2016 - US$78,894,000|
Net loss for the three months ended December 31, 2016 - (US$2,285,000)
Revenue for the three months ended December 31, 2015 - US$44,491,000
Net loss for the three months ended December 31, 2015 - (US$225,000)
Revenue for the fiscal year ended September 30, 2016 - US$276,490,000
Net loss for the fiscal year ended September 30, 2016 - (US$8,046,000)
Revenue for the fiscal year ended September 30, 2015 - $170,495,000
Net loss for the fiscal year ended September 30, 2015 - (US$5,103,000)
Disclaimer: A preliminary prospectus, and any amendments thereto, relating to these securities has been filed with securities commissions in certain provinces, but has not yet become final for the purpose of distribution to the public.
This web page shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission.