The Kitchener, Ont.-based edtech company, which filed to go public earlier this month, cut its expected raise from about $200 million to $150 million. It also priced the deal at $17 per share, down from its previously expected range of $19 to $21. (The Logic)

Talking point: As first reported by The Globe and Mail, D2L reportedly chose to downsize the offering to reflect demand and the share price as an incentive for interested institutions. It is the second Canadian tech firm to lower its offering expectations in recent weeks. Toronto-based software firm Q4 downsized its IPO last week from $150 million to $100 million. Its shares have mostly traded below their $12 offering price, but Q4’s CEO wasn’t concerned with daily share movement and is considering a U.S. listing in the future. Montreal’s Sharethrough and Toronto’s E Automotive are also preparing their TSX debuts. Meanwhile, Vancouver’s Copperleaf went public earlier this month with an upsized offering, and its shares have remained well above its $15 offering price since then.