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Streetwise newsletter: Green For Life makes pre-IPO share offering, Ivanhoé Cambridge beefs up U.S. holdings

A Bay street sign is seen in Toronto’s financial district.

Mark Blinch/The Globe and Mail

GFL Environmental launches pre-IPO share sale, valuing company at $4.2-billion

Waste-disposal firm GFL Environmental Inc. and its bright-green garbage trucks are planning to pick up $125-million from institutional investors to fuel North American acquisitions, ahead of a potential initial public offering next year. Story

Ivanhoé Cambridge makes industrial real estate play with deal for 150 U.S. properties

Ivanhoé Cambridge is buying a portfolio of more than 150 U.S. properties, pushing into the industrial real estate sector after many months of circling the space. Story

This is the daily Streetwise newsletter with headlines chosen by Globe financial services editor Rita Trichur. If you're reading this on the Web or someone forwarded this e-mail newsletter to you, you can sign up for the Streetwise newsletter and all Globe newsletters here.

DAILY DEALS

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Manulife weighs U.S. shakeup

As Manulife Financial Corp. prepares to welcome a new CEO in the fall, reports have surfaced that the company is flirting with divesting its U.S. operations. Story

Talks between Brookfield, Renova cool over management rights

The reluctance of Renova Energia SA's largest shareholder to give up management of the debt-laden Brazilian renewable power firm threatens to derail takeover talks with Brookfield Asset Management Inc, three people familiar with the matter said on Thursday. Story

ON THE MOVE

Bank of Montreal appoints new vice-chair of capital markets

Bank of Montreal has appointed veteran deal maker Andre Hidi to be the vice-chair of its capital markets division. Story

ELSEWHERE IN FINANCE

Things have gotten so bad for Snap since its IPO, investors and analysts are turning to historic comparisons for perspective. Consider this headline from Barron's earlier this week: "How Snap's post-IPO flop compares to other tech giants." That is the stuff of PR nightmares. Story (Venturebeat)

London, Ontario-based Voices.com, a global voice-over marketplace, has just raised an $18-million growth round from Morgan Stanley Expansion Capital. Story (Betakit)

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Trading acumen can no longer be carried out in a black box, or even behind frosted windows. There is a need to know more, know it now, and then know more still. Story (Markets Media)

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