Venture-backed Lightspeed files for IPO in Canada

Lightspeed POS, a Montréal-based point-of-sale solution for retailers, restaurants and e-commerce businesses, has filed a preliminary prospectus with Canadian regulators for an initial public offering. The company has not yet determined the number and price of subordinate voting shares to be sold on the Toronto Stock Exchange. BMO Capital Markets, National Bank Financial and J.P. Morgan Securities Canada are the IPO’s lead underwriters and joint bookrunners. Founded in 2005 by CEO Dax Dasilva, Lightspeed raised about $166 million in a Series D financing in 2017, the largest round for a Canadian IT company in 25 years. Caisse de dépôt et placement du Québec led and was joined by IQ, iNovia Capital and Silicon Valley Bank.

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