The Montreal-based point-of-sale company and the Caisse de dépôt de placement du Québec will sell 10 million and 1.65 million shares, respectively. The offering is led by a consortium of 11 underwriters led by Morgan Stanley, Barclays and BMO Capital Markets. (The Logic)

Talking point: At Tuesday’s closing price on the Toronto Stock Exchange, the offering will boost Lightspeed’s balance sheet to the tune of $425.2 million, less fees. The firm isn’t short of funds—it had US$203.5 million in cash and equivalents at the end of June, and posted consecutive growth quarters despite COVID-19 hitting its customer base of independent retailers and restaurants hard. But “targeted and opportunistic” acquisitions are a core growth opportunity for the company, and some analysts have predicted that the pandemic could create chances to buy up smaller competitors. The NYSE listing will also give Lightspeed’s stock exposure to more U.S. index funds and retail investors.