The Toronto telemedicine startup made a splashy public debut on the Toronto Stock Exchange, opening at $15, roughly 88 per cent above its offering price of $8 per share. The company was trading at 43 per cent above its IPO price shortly before markets closed. (The Logic)

Talking point: Investor excitement for MindBeacon’s stock began to accelerate days before the IPO. The company had planned to raise $50 million, before increasing the target size of the offering twice in two days, first to $60 million, then to $65 million. With 23.6 million shares outstanding, the company’s market cap was approximately $253 million, at a share price of $10.75 at 3:30 p.m. ET. MindBeacon obtained $400 million worth of orders from prospective investors prior to its IPO, according to The Globe and Mail. The company, founded by Bay Street financier Samuel Duboc, has seen a surge in revenue amid increasing demand in the pandemic for its online mental health service, Beacon.