Novacap, CDPQ-backed Nuvei surges in TSX debut: Reuters

Montreal-based payment technology company Nuvei Corp secured US$700 million from its initial public offering, with shares jumping more than 30 percent, reported Reuters.

Montreal-based payment technology company Nuvei Corp secured US$700 million from its initial public offering, with shares jumping more than 30 percent, reported Reuters. The IPO is the largest ever for a technology company on the Toronto Stock Exchange. Nuvei is backed by Novacap, a Canadian private equity firm and Caisse de dépôt et placement du Québec.

Source: Reuters