Nuvei’s Red-Hot IPO Marks Canada’s Largest Tech Offering (1)
By Aoyon Ashraf
Sept. 17, 2020, 9:09 PM
Payments company Nuvei Corp. jumped 31% in its trading debut on Thursday, riding the wave of demand for technology shares that has swept the globe in recent months.
Montreal-based Nuvei, which supplies payment technology to the retail, travel, gaming and other sectors, is among a cluster of firms benefiting from the shift to e-commerce during pandemic lockdowns. The deal raised $700 million, making it the biggest tech offering in the history of the Toronto Stock Exchange, the exchange said in a statement.
“The rebound in technology names is a good sign for the private tech companies with plans ...