The Vancouver-based online-course platform did not disclose the price or size of its offering, which is being underwritten by a syndicate led by BMO Capital Markets and CIBC Capital Markets. (The Logic)

Talking point: The company has grown its annual revenue steadily since 2018 to nearly US$21.1 million in 2020, according to its filing. While Thinkific reported a net profit in 2018 and 2019, it posted a US$1.3-million net loss last year. The company has 25,000 paying customers, up 126 per cent year over year, and makes an average of US$105 a month per user, up 11 per cent year over year. Thinkific had been rumoured to be considering an IPO this year, along with Waterloo’s Magnet Forensics and Saskatoon’s Vendasta Technologies—which priced its raise at $100 million Monday.