The Saskatoon-based company filed its prospectus to trade on the Toronto Stock Exchange under the symbol VND, but did not disclose the price per share or total expected proceeds. (The Logic)

Talking point: The company, which sells cloud-based commerce tools for small businesses, said it earned $42.6 million in revenue from software and partner solutions in 2020, up from $34.5 million the previous year. At the end of 2020, the company had about 43,000 registered channel partners, up from 23,400 in 2019. The company reported a net loss for all three years of financial data it disclosed, ending with a $14.8-million net loss last year. The company’s principal shareholders are Vanedge Group, which holds just over 31 per cent of Vendasta’s outstanding common shares, and the Business Development Bank of Canada, with around 29 per cent. Vendasta was among several tech companies—along with Magnet Forensics and Thinkific—rumoured to be going public in the near future.