Nuvei | Handout
Analysis

Nuvei tested by U.S. short seller as it doubles down in new markets

MONTREAL — Things seemed to be on the right track for Nuvei. After going public in 2020 in what was then Canada’s largest-ever tech IPO, the Montreal-based payments company expanded quickly into new sectors like cryptocurrencies and online gambling, posting quarterly results that pleased the market. In September, its stock hit an all-time high, propelled by a chorus of buy ratings from analysts.

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