The modern-furniture e-commerce retailer had been planning to file a prospectus with the U.S. Securities and Exchange Commission in January, but decided to postpone until March amid the recent tech stock selloff, a source said. (The Globe and Mail)
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The modern-furniture e-commerce retailer had been planning to file a prospectus with the U.S. Securities and Exchange Commission in January, but decided to postpone until March amid the recent tech stock selloff, a source said. (The Globe and Mail)
Talking point: The tech-heavy Nasdaq Composite Index recorded its worst day in 11 months last week and posted its fifth consecutive decline Monday, briefly falling into correction territory. Article had been wanting to raise about US$200 million in what would be mostly a secondary offering to allow investors and option holders to cash in. Several tech firms paused their IPO plans last year in choppy public markets for the industry. In November, Montreal-based Sharethrough cited “adverse and challenging current market conditions” when it decided to wait, and Vancouver’s Hootsuite reportedly did the same.
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