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Six takeaways from Nuvei’s record-breaking IPO

After its staff virtually rang the bell on the Toronto Stock Exchange Thursday, Montreal payment-processing company Nuvei made the largest-ever public debut by a tech firm, surpassing even the likes of Canadian giants Shopify and BlackBerry. In a single trading day, the company’s stock surged more than 30 per cent, and appears to be continuing its climb Friday morning as institutional investors swoop in to get a piece of the pie before the offering closes next week, and retail trading begins. As of publishing time, Nuvei’s stock was trading at $45.87, a 34 per cent increase from the IPO price of about $34. 

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