Deals
Record Canada Tech IPO Rewards CEO Who Shunned a Sale to Rival
- Payment company Nuvei raised $805 million; shares are up 47%
- CEO plans more takeovers to expand in online betting, gaming
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The biggest technology stock sale in Toronto Stock Exchange history almost didn’t happen.
In 2017, Nuvei Corp. Chief Executive Officer Philip Fayer faced a dilemma: he was in talks to sell his payments company to a competitor when Canadian private-equity firm Novacap Management Inc. approached him to invest.