IGM Financial Raises Wealthsimple Investment Value by $341M to $2.93B

IGM Financial will raise the fair value of its Wealthsimple investment by $341 million, or 13%, to $2.93 billion following Wealthsimple’s equity financing of up to $425 million. The financing includes $300 million in primary funding and up to $125 million in secondary sales, and is expected to close in Q4 2026.