The Globe and Mail reports in its Friday edition that shares of British geophysical services company Metatek Group Ltd. will start trading on the Toronto Stock Exchange under the ticker MTEK next week. The Globe's James Bradshaw writes the debut will mark the first tech initial public offering on the TSX since the November, 2021, market debut of e-commerce software developer Coveo Solutions. Pricing details will be decided closer to the debut, but regulatory filings indicate Metatek plans to raise $50-million, giving the entire company a valuation range of $250-million to $300-million depending on the finalized terms. The filings said pricing is expected to be between $5.75 and $6.25 per share. Canaccord Genuity is the lead underwriter and sole bookrunner on the deal. Metatek uses a technology called full tensor gravity gradiometry, or FTG, that was originally developed by Lockheed Martin for submarine navigation in the 1970s. The data are used to determine the locations of oil and gas reservoirs, metals and minerals, as well as hydrogen and sources of geothermal energy. The company does not have any operations in Canada, though its largest shareholder is Calgary-based private equity firm PillarFour Capital Partners.