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. In November, the Globe and Mail reported Lightspeed is looking to raise at least $200 million from an IPO. Founded in 2005 by CEO Dax Dasilva, Lightspeed raised about $207 million (US$166 million) in a Series D financing in 2017. Caisse de dépôt et placement du Québec led and was joined by IQ, iNovia Capital and Silicon Valley Bank.