Nuvei’s Red-Hot IPO Marks Canada’s Largest Tech Offering
- Online payments firm helped by surge in e-commerce in lockdown
- Caisse-backed company supplies sports betting industry
Nuvei Corp., which supplies payment technology to vendors, is among a cluster of companies that are benefiting from the shift to e-commerce during pandemic lockdowns.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
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.