20:13:54 EST Wed 25 Nov 2020
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Lightspeed POS Inc
Symbol LSPD
Shares Issued 89,455,294
Close 2020-10-02 C$ 42.03
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Globe says Nuvei, others lead an equity financing surge

2020-10-05 09:07 ET - In the News

See In the News (C-NVEI) Nuvei Corp

The Globe and Mail reports in its Monday, Oct. 5, edition that Canadian mining financings and initial public offerings from technology companies are surging, reigniting interest in equity deals. The Globe's Mark Rendell writes that equity underwriting in Canada fell off in the early months of the pandemic, with companies choosing to issue debt to shore up balance sheets rather than selling new shares at beaten-down valuations. This began to change over the summer and early fall as publicly traded technology stocks soared, drawing private tech firms into the public market at a pace not seen in years. For equity capital markets, technology companies led the way with a number of large deals in recent weeks. Nuvei raised $833-million (U.S.) when it went public in Toronto in mid-September, while LightSpeed POS raised $398-million (U.S.) when it cross-listed on the New York Stock Exchange. Canadian technology darling Shopify raised about $2-billion (U.S.) in September by selling shares and convertible notes. Bankers are expecting more Canadian technology companies to go public in the coming months, following a rush of hugely successful software and digital technology IPOs in the United States.

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