Lightspeed Looks for Efficiencies as Strategic Review Continues
- Shares rose as much as 13% as outlook for core profit improved
- Company has hired JPMorgan and RBC for the review process
Dax Dasilva, founder and chairman of Lightspeed Commerce Inc.
Photographer: Christinne Muschi/BloombergThis article is for subscribers only.
Shares of Canadian payment company Lightspeed Commerce Inc. rose as much as 13% Thursday after it reported a better outlook amid a strategic review that could lead to a sale.
“Since I came back to Lightspeed, we’ve been just looking at operations, simplifying operations across the business, looking for efficiencies,” said the founder and Chief Executive Officer Dax Dasilva in an interview.