MONTREAL — Lightspeed POS Inc. says it will launch an initial public offering of its voting shares in the United States to help fund its growth strategies.
The Montreal-based retail payment technology firm’s shares will trade on the New York Stock Exchange under the ticker LSPD, the same symbol it uses on the Toronto Stock Exchange.
A total of 11.65 million shares will be offered through a syndicated of underwriters led by Morgan Stanley, Barclays and BMO Capital Markets, with several banks, including RBC, CIBC, Scotiabank and Toronto-Dominion, acting as co-managers.
The shares offered include 10 million from the company and 1.65 million from the Caisse de dépôt et placement du Québec, a key shareholder.
There’s also an over-allotment option for up to nearly 1.75 million shares.
The price and size of the offering is yet to be determined.
This report by The Canadian Press was first published Sept. 9, 2020.
Companies in this story: (TSX:LSPD)
The Canadian Press