Montréal-based SMB retail and restaurant software provider to celebrate upcoming TSX IPO with market open ceremony today
TORONTO, March 8, 2019 /CNW/ - Toronto Stock Exchange (TSX) announced today that Lightspeed POS Inc. (Lightspeed), a Montréal-based point of sale software firm, will begin trading this morning under the symbolTSX: LSPD.
To celebrate the listing, Dax Dasilva, Founder and CEO of Lightspeed, will join Loui Anastasopoulos, President, Capital Formation, TMX Group to open trading today at 9:30 a.m. ET. Lightspeed's initial public offering (IPO) is expected to raise $240 million ranking this as one of the top 10 technology IPOs on TSX.
"Congratulations to the Lightspeed team, including its employees and investors. We are very proud to welcome a leading-edge technology company and homegrown Canadian innovation story to our market," said Mr. Anastasopoulos. "The Lightspeed IPO is indicative of the positive paradigm shift underway in our marketplace, as technology and innovation companies are increasingly turning to the TSX and TSXV capital formation ecosystem to access the capital they need to fund the next stage of their growth. TMX is committed to enabling the long-term success of the visionary companies and entrepreneurs around the world."
Founded in 2005, Lightspeed is an easy-to-use, omni-channel commerce-enabling platform for SMB retailers and restaurants, and is used by businesses in over 100 countries.
"Lightspeed's listing on the TSX ushers in a new era for the company and the customers that we serve," said Mr. Dasilva. "When I started Lightspeed 14 years ago, I envisioned a software company that provides tools for entrepreneurs to seamlessly manage their business. Over the years, our team has grown to more than 700 employees located in eight offices around the world. Together, we embody our mission of bringing cities and communities to life by powering SMBs. Through our suite of innovative cloud tools, our growing global customer base continues to benefit from unprecedented efficiencies to help them achieve their greatest potential."
2018 was a record year for the innovation sector on TSX and TSXV with 59 new companies listed. As at January 31, 2019, there were 440 technology and innovation companies listed on both Exchanges with a combined market capitalization of almost $240 billion.
For Market Openings: Media may pick up a feed from the TOC (television operations centre) for all market open ceremonies. The feed is named TSX Transmit 1 (SD-SDI) and is produced at the TMX Broadcast Centre and sent live to the TOC. The client moves into position for the market open ceremony at approximately 9:27 a.m. ET and the markets will open with the sound of a siren (the traditional market open on Toronto Stock Exchange) at 9:30 a.m. ET.
About TMX Group (TSX: X)
TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, and Trayport which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London and Singapore. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.
Headquartered in Montréal, Canada, Lightspeed provides an easy-to-use, omni-channel commerce-enabling platform. The Company's software platform provides its customers with the critical functionalities they need to engage with consumers, manage their operations, accept payments, and grow their business. Lightspeed operates globally in approximately 100 countries, empowering single- and multi-location small- and medium-sized businesses to compete successfully in an omni-channel market environment by engaging with consumers across online, mobile, social, and physical channels. Founded in 2005, the Company has grown to approximately 700 employees, with global offices in Canada, the United States, Europe, and Australia.
This news release is not, and should not be construed as an invitation to purchase the referenced securities or other securities listed on TSX. TMX Group and its affiliates do not endorse or recommend any of the referenced securities nor should any statement in this news release be construed as advice regarding a broad investment strategy. Listing on TSX does not guarantee the future performance of a security or an issuer. Please seek professional advice to evaluate specific securities.
SOURCE TMX Group Limited
For further information: Catherine Kee, Manager, Corporate Communications, TMX Group, 416-814-8834, email@example.com