Lightspeed, which offers point-of-sale systems for retailers, sold a total of 17.25 million subordinate shares at the time of the IPO’s close. The company said it would use the money to pursue its growth strategies, which include expanding its Lightspeed Payments solution. (PE Hub Canada)
Skip to content
Lightspeed, which offers point-of-sale systems for retailers, sold a total of 17.25 million subordinate shares at the time of the IPO’s close. The company said it would use the money to pursue its growth strategies, which include expanding its Lightspeed Payments solution. (PE Hub Canada)
Talking point: The $276-million close is $36 million more than Lightspeed’s initial target of $240 million. The growth of other software-as-a-service (SaaS) firms like Shopify and Ceridian on the TSX likely helped boost interest, and Lightspeed’s market cap now sits at $1.84 billion, making it one of Canada’s biggest publicly-traded SaaS companies. The company—which has made its mark selling cloud point-of-sale software to retailers—told The Logic after its IPO that Lightspeed Payments’ growth potential is in opportunities beyond payment processing, such as lending for businesses.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Toronto’s Taalas sells to AMD as AI inference market heats up
Briefing
Manulife expects Hong Kong to be a strength despite China’s tax crackdown
Canadian hacker pleads guilty in Snowflake extortion scheme
Bell’s profits slip as core Canadian telecom business erodes
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
