The Montreal-based payments company’s shares surged about 20 per cent on Wednesday after it reported its revenue increased to US$304.9 million, up about 55 per cent from US$197.1 million in the same quarter last year. (The Logic)

Talking point: Nuvei also raised its revenue forecast for the full year to between US$1.175 billion and US$1.95 billion, up from its earlier outlook of between US$1.17 billion and US$1.95 billion. It also hiked expectations for its full-year adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to between US$427 million and US$435 million, from its previous range of US$417 million and US$432 million. In the third quarter, Nuvei’s global commerce revenue growth—payment services for mid-market to large enterprises—increased 25 per cent year over year to $170 million, representing 56 per cent of revenue in the period, while revenue from small and medium-sized businesses that use Nuvei for card payments declined four per cent to $55 million.