Coveo Solutions closed its $215-million IPO on the Toronto Stock Exchange Wednesday, marking the second time CEO Louis Têtu and CFO Jean Lavigueur have taken a Quebec City tech company public. The listing gives the AI firm a cash injection to fuel its growth, and it can use its now-public stock to pursue M&A opportunities and recruit top workers.
Other Canadian tech firms have received a lukewarm reception on the public markets, downsizing their offerings and trading below their offering prices. But on Wednesday, Têtu told The Logic he wasn’t worried about his company’s timing. “The narrative has been negative for a reason that we ignore—just because there was a couple of small IPOs that didn’t work out,” he said.
Here’s what Têtu and Lavigueur had to say about going public, competing for talent with foreign tech giants and the possibility of a U.S. listing.