The firm is reportedly planning for a joint listing in the U.S. and Canada with Goldman Sachs as the lead underwriter. (Bloomberg)
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The firm is reportedly planning for a joint listing in the U.S. and Canada with Goldman Sachs as the lead underwriter. (Bloomberg)
Talking point: The IPO is expected to net a higher valuation than the US$2 billion it was valued at in December 2019 when Nuvei raised US$270 million. Nuvei has grown rapidly since 2017, when the Caisse de dépôt et placement du Québec and Novacap purchased a majority stake at a valuation of $525 million. The company has had a busy few months. It hired a chief commercial officer, completed its US$889 million acquisition of SafeCharge and obtained approval to process sports bets payments in Indiana. This is potentially another lucrative tech IPO for the Caisse, a major beneficiary of Lightspeed’s $276 million IPO in 2019.
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