Back to blog

Mogo IPO

For the eagle eyed amongst you, you may have noticed that Mogo completed an initial public offering and has been listed as a public company on the Toronto Stock Exchange, trading under the symbol “GO”.

A very big day at Mogo

This marks a milestone in Mogo’s journey as Canada’s leading online lending platform as we strive to offer socially responsible financial solutions that help Canadians stay in control of their financial health.

This does not affect our relationship with you and your product status will continue as before.
This allows the MogoTeam to work on delivering the best products at better rates with the most responsive customer service possible.

Mogo offers credit to the full spectrum of consumers, regardless of credit rating or financial status, at rates that we believe are generally lower than the rates charged by traditional institutions for comparable products.

As you know our solution includes personal loans of up to $35,000, with rates starting as low as 5.9%, and a free prepaid Mogo Visa card with no monthly fee, that offers consumers a responsible alternative to credit cards.

In addition, our unique Level Up program provides those with less than perfect credit a clear path to even lower rates over time. We have plans for new product offerings in the near future, which we will keep you updated on.

“We believe we are at the early stages of a significant growth opportunity. The consumer credit market is moving increasingly to an online and mobile world, and Mogo is well positioned to take advantage of this.

Through our technology-driven platform, which has originated over 900,000 loans since 2007, we can provide a more efficient customer experience and better product offering. Our goal is to continue leveraging this platform and extending our socially responsible brand to new products and markets, bringing Canadians a new level of convenience, simplicity and transparency.”
Dave Feller - Founder, CEO
IPO info

Mogo issued 5,000,000 common shares at a price of CDN $10 per share, resulting in aggregate gross proceeds to Mogo of CDN $50 million.

What are you looking for?

What are you looking for?