Montreal software firm Lightspeed jumps 18 per cent in its TSX debut GlobeTechnology
. They were sold at $16 to buyers of the initial public offering and trade under the ticker symbol LSPD.
“I think people are going to be a bit surprised at how well this IPO went and the strength of the demand,” Mr. Wismer said."The equity markets are clearly open.” Lightspeed’s software is used in more than 47,000 customer locations in about 100 countries. Last year it processed $13-billion worth of transactions, although the company failed to turn a profit. Its net loss for the fiscal year ended last March 31 was US$98-million and its operating loss was US$21.9-million.
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