Venture-backed Lightspeed wraps up IPO, raises $276 mln
Lightspeed POS (TSX: LSPD), a Montréal-based point-of-sale solution for retailers, restaurants and e-commerce businesses, has closed its initial public offering on the Toronto Stock Exchange. Lightspeed sold 17.25 million subordinate voting shares at $16 per unit for gross proceeds of $276 million, including the offering's greenshoe option. Founded in 2005 by CEO Dax Dasilva, Lightspeed raised more than $400 million from venture capital firms, according to Refinitiv data. At the time of the IPO, its investors included Caisse de dépôt et placement du Québec, Inovia Capital and Investissement Québec.
15 March 2019•2 mins read
