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Bay Street in Toronto.
Bay Street in Toronto.
(TIM FRASER FOR THE GLOBE AND MAIL)

Callidus IPO increased amid hot demand

Another initial public offering has found a very receptive audience, as alternative lender Callidus Capital is now going to sell $250-million of stock after strong demand from investors.

Callidus is expected to announce the final pricing for the IPO later Monday. There was about $1.1-billion of demand for the transaction, allowing Callidus to increase the offering size from the original plan of $175-million to $250-million, said a person familiar with the sale.