Canada’s Latest Tech Public Debut Swings Amid Soft IPOs
- Coveo shares fell below issue price twice in its first week
- Company closed one of the largest Canadian tech IPOs this year
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The chief executive officer of Canada’s latest tech IPO is unfazed by the stock’s big price swings in the past week, saying he expects volatility to continue until the enterprise software provider reports quarterly earnings results next year.
Coveo Solutions Inc.’s newly-listed shares have fallen below its initial issue price of C$15 twice in its first week of trading, after climbing as high as C$18 on its debut. It closed at $17.41 on Thursday. The stock had its debut on Nov. 18.