The Toronto-based investor-relations software provider is likely to list in the U.S. “in time,” CEO and founder Darrell Heaps told The Logic. The majority of Q4’s revenue comes from the U.S. so joining the public markets there “would make a tremendous amount of sense.” (The Logic)

Talking point: Q4’s shares fell below their $12 offering price Monday in their market debut after a downsized initial public offering that raised about $100 million. Heaps said he isn’t focused “on short-term share price movements at all” and that the company is pleased with the outcome. The IPO gave it the type of investors it wanted—long-term fundamental holders—as well as the funds to pursue acquisitions with a possible announcement “in the relatively near future.” It gave Q4 its highest valuation to date, with a market capitalization of roughly $475 million, assuming no over-allotment option, at the open. As an investor-relations platform, Q4 felt it was important to go public and it learned how it can improve its product for clients by going through the IPO process, said Heaps, such as by improving transparency in an opaque process.