The telemedicine company, which signed its first client in 2016, has lined up National Bank, RBC, Scotiabank and TD Bank to lead the offering, sources said. The company’s CEO Cherif Habib spoke about a possible 2021 initial public offering last year. (The Globe and Mail)
Talking point: The company has raised more $100 million in venture capital to date from Sun Life, National Bank, Power’s Portag3 Ventures and the Caisse de dépôt et placement du Québec, among other investors. A wave of Canadian tech firms have headed to public markets in recent months. Telus International broke the TSX IPO record for the sector earlier this month, taking the title from Montreal-based payment-processing company Nuvei. In recent weeks, B.C. fuel-cell producer Loop, gig-worker fintech Payfare and agtech Farmers Edge have all filed to go public.