raised about half that much in its 2015 IPO, and that company has since grown to be worth $27 billion. That officially makes the company what's known as a unicorn in start-up circles - a valuation of $1 billion before going public.Īt $240 million, the launch officially makes Lightspeed one of the 10 biggest technology IPOs in the history of the Toronto Stock Exchange. The IPO has sold off just under one fifth of the company for $240 million, giving the company a total value of $1.4 billion. That's because the offering was more popular than anticipated, so they were able to raise their price. The $16 IPO price is higher than the range of $13 to $15 the company had given as an expected range when it announced its plans to go public last month. The shares were trading at just over $20 each near midday, with more than 5 million shares changing hands, and closing at $18.90. Friday is the first day the general public can buy the shares on the stock market, and they are eagerly bidding them up in early trading. It raised $240 million in an initial public offering on Thursday, selling 15 million shares for $16 each. Montreal's Lightspeed helps retailers manage in digital age.The information on this site is not directed at residents of the United States, Belgium or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. IG Markets Ltd (Register number 195355), IG Index Ltd (Register number 114059) and IG Trading and Investments Ltd (Register number 944492) are authorised and regulated by the Financial Conduct Authority. Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. IG is a trading name of IG Markets Ltd (a company registered in England and Wales under number 04008957), IG Index Ltd (a company registered in England and Wales under number 01190902) and IG Trading and Investments Ltd (a company registered in England and Wales under number 11628764). Past performance is no guarantee of future results.ĬFD accounts provided by IG Markets Ltd, spread betting provided by IG Index Ltd and share dealing and stocks and shares ISA accounts provided by IG Trading and Investments Ltd. The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Professional clients can lose more than they deposit. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
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