The target is $40 million more than its original plan to raise $200 million. The company expects to start trading on the Toronto Stock Exchange (TSX) at $16 a share. The Logic first reported this week that Lightspeed is expected to start trading on Friday. (Bloomberg)
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The target is $40 million more than its original plan to raise $200 million. The company expects to start trading on the Toronto Stock Exchange (TSX) at $16 a share. The Logic first reported this week that Lightspeed is expected to start trading on Friday. (Bloomberg)
Talking point: The IPO could now value the company at $1.4 billion, but the fact that the company is listing only on the TSX—as opposed to the New York Stock Exchange, where Shopify and Ceridian filed—means its exposure to U.S. institutional investors is limited. An analysis of the company’s prospectus by The Logic found that it faces several risks that could affect the success of its IPO, including a share structure institutional investors typically oppose and a limited patent portfolio.
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