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LightSpeed Aspires to Join Shopify in Billion-Dollar IPO League

LightSpeed POS Inc. is betting there’s room for more than one billion-dollar Canadian retail software company.

The developer of systems for stores and restaurants aims to reach the heights attained by Shopify Inc. -- a $1 billion valuation and initial public offering, Chief Executive Officer Dax Dasilva said. To get there in the next few years, his plan is to annually double the number of stores signing up for its software.