10:21:27 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Lightspeed POS Inc
Symbol LSPD
Shares Issued 72,754,621
Close 2020-01-29 C$ 44.79
Market Cap C$ 3,258,679,475
Recent Sedar Documents

FP says Lightspeed POS on a solid run since IPO

2020-01-29 08:14 ET - In the News

The Financial Post reports in its Wednesday edition that listing on the public markets is not exactly fashionable these days, with many tech firms opting to avoid the scrutiny by sticking to private equity and venture capital for funding for as long as they can. The Post's James McLeod writes that not so for Lightspeed POS, a provider of cloud-based retail point-of-sale software that went public last year and has been on solid run ever since. Chief executive officer Dax Dasilva told the Post: "We did not have investors or any kind of pressure for us to do a public listing. In fact, some of our larger investors said that this company can achieve everything it needs to, and we're happy to continue to fund it." As the company prepares to mark the one-year anniversary of the announcement of its preliminary prospectus next week, Mr. Dasilva said the public listing has been useful for Lightspeed for a number of reasons. It has since completed four acquisitions, something made possible in part by the currency of public stock the IPO provided. Mr. Dasilva also said the firm wanted the publicity that comes from an IPO as it aspires to be a global brand. Lightspeed specializes in point-of-sale software for small merchants with complex needs.

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