The Montreal-based fintech said Monday that it applied for an IPO and will look to sell 1.5 million subordinate voting shares on the U.S. exchange. (The Logic)

Talking point: Nuvei’s listing comes amid a capital-intensive acquisition spree, as well as a push to do more business in the U.S., where a growing number of states are legalizing sports betting. To capitalize on the growth in online gaming, Nuvei bought U.S.-focused payment provider Mazooma earlier this year, and has signed agreements with major online gaming sites like Carousel Group’s SportsBetting.com. In pursuing a dual listing in the U.S., Nuvei is following other Canadian fintechs such as Lightspeed and Mogo. Nuvei raised $805 million from its Canadian listing in September 2020, in what was the Toronto Stock Exchange’s largest-ever tech IPO at the time.