CDPQ, Inovia to reduce Lightspeed stakes in secondary offering

Lightspeed POS (TSX: LSPD), a Montréal-based retail and restaurant point-of-sale and e-commerce platform, has filed a preliminary supplement to an August 6 prospectus for an offering of subordinate voting shares. A total of about 6.6 million shares will be offered for sale, about 5.4 million of which will be offered by selling shareholders, including Caisse de dépôt et placement du Québec (CDPQ) and Inovia Capital. The price of the shares to be sold was not released. The offering includes a greenshoe option. Lightspeed completed an initial public offering (IPO) in Canada earlier this year, raising $276 million. The IPO valued the company at $1.5 billion.

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