Earlier this month the company announced it planned to sell 26 million shares on the TSX, priced between $20 and $22 apiece. Shares in the so-called FAANG tech companies — Facebook, Apple, Amazon, Netflix and Google — have been on fire during the pandemic. Companies such as Nuvei are eager to get to market to tap into investor demand for tech shares. Almost 95 per cent of all North American IPOs this summer have been tech companies, with more to come. As of the end of August, there were 211 technology companies listed on both TSX and TSX Venture Exchange, worth a combined $289 billion.

Source: CBC News September 17, 2020 16:08 UTC