Shares of the Toronto-based firm almost doubled at the close Friday, up 97% from its C$7.50 IPO price, to make it the best trading debut for a larger Canadian IPO in almost three decades.
Dye & Durham and shareholders sold 20 million shares in an offering earlier this week, marking the biggest technology IPO in Canada since Lightspeed POS Inc.’s C$240 million IPO in March 2019.
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