Lightspeed Announces Pricing of Initial Public Offering
Lightspeed Announces Pricing of Initial Public
Offering
NOT FOR DISTRIBUTION TO
UNITED STATES
NEWS WIRE SERVICES OR DISSEMINATION IN
THE UNITED STATES
MONTREAL
,
March 7, 2019
/CNW Telbec/ - Lightspeed POS Inc. ("Lightspeed" or the "Company")
today announced the pricing of its initial public offering (the "Offering") of 15,000,000 subordinate
voting shares at a price of C$ 16 per share for total gross proceeds of C$ 240 million. The offering
size was increased from
C$ 200 million
to
C$ 240 million
and the price per subordinate voting share
was increased to
C$ 16
per share, above the initial marketing range of
C$ 13
to
C$ 15
per
subordinate voting share.
The Toronto Stock Exchange ("TSX") has conditionally approved the listing of the subordinate voting
shares. The subordinate voting shares are expected to begin trading on the TSX on an "if, as and
when issued basis" on
March 8, 2019
under the ticker "LSPD". The Offering is expected to close on
March 15, 2019
, subject to the satisfaction of customary closing conditions.
BMO Capital Markets, National Bank Financial Inc. and J.P. Morgan Securities Canada Inc. are
acting as lead underwriters and joint bookrunners for the Offering. CIBC World Markets Inc., TD
Securities Inc., Raymond James Ltd. and Scotiabank are also acting as underwriters for the
Offering.
Lightspeed has also granted the underwriters an over-allotment option, exercisable in whole or in
part at any time for a period of 30 days following the closing date of the Offering, to purchase, in
aggregate, up to an additional 2,250,000 subordinate voting shares at a price of C$ 16 per share.
The Company has obtained a receipt for a final base PREP prospectus filed with the securities
commissions or similar securities regulatory authorities in each of the provinces and territories of
Canada
on
March 7, 2019
. A copy of the supplemented PREP prospectus containing pricing
information and other important information relating to the subordinate voting shares and the Offering
will be filed and become available on SEDAR at
www.sedar.com
on or about
March 8, 2019
.
No securities regulatory authority has either approved or disapproved of the contents of this news
release. The subordinate voting shares have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws.
Accordingly, the subordinate voting shares may not be offered or sold within
the United States
unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to
exemptions from the registration requirements of the U.S. Securities Act and applicable state
securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to
buy any securities of Lightspeed in any jurisdiction in which such offer, solicitation or sale would be
unlawful.
About Lightspeed
Headquartered in Montréal,
Canada
, Lightspeed provides an easy-to-use, omni-channel commerce-
enabling platform. The Company's software platform provides its customers with the critical
functionalities they need to engage with consumers, manage their operations, accept payments, and
grow their business. Lightspeed operates globally in approximately 100 countries, empowering
single- and multi-location small and medium-sized businesses to compete successfully in an omni-
channel market environment by engaging with consumers across online, mobile, social, and physical
channels. Founded in 2005, the Company has grown to approximately 700 employees, with global
offices in
Canada
,
the United States
,
Europe
, and
Australia
.
Forward-Looking Statements
This press release contains certain forward-looking statements, including statements with regard to
the closing of the Offering. Words such as "expects", "anticipates" and "intends" or similar
expressions are intended to identify forward-looking statements. These forward-looking statements
are subject to the inherent uncertainties in predicting future results and conditions and no assurance
can be given that the Offering discussed above will be completed on the terms described.
Completion of the Offering and the terms thereof are subject to numerous factors, many of which
are beyond Lightspeed's control, including, without limitation, failure to meet customary closing
conditions and the risk factors and other matters set forth in Lightspeed's filings with the securities
commissions or similar securities regulatory authorities in each of the provinces and territories of
Canada
. Lightspeed undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise, except as may be
required by law
SOURCE
Lightspeed POS Inc.
View original content:
http://www.newswire.ca/en/releases/archive/March2019/07/c9192.html
%SEDAR: 00047110E
For further information:
Media Contact: Philip Koven, 647-496-7858,
[email protected]; Source: Bradley Grill, Director of Public Relations,
Lightspeed, [email protected], 514.375.3155 x7980
CO: Lightspeed POS Inc.
CNW 17:57e 07-MAR-19