/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR DISSEMINATION IN THE UNITED
STATES/
MONTREAL, March 15, 2019 /CNW Telbec/ - Lightspeed POS Inc.
("Lightspeed" or the "Company") (TSX: LSPD) today announced the
closing of its initial public offering (the "Offering") of
17,250,000 subordinate voting shares at a price of C$ 16 per
share for total gross proceeds of C$ 276 million, which
includes the exercise in full by the underwriters of their
over-allotment option to purchase up to 2,250,000 additional
subordinate voting shares. Lightspeed expects to use the net
proceeds from the Offering to strengthen its financial position,
allowing it to pursue its growth strategies.
The subordinate voting shares are listed on the Toronto Stock
Exchange under the symbol "LSPD".
BMO Capital Markets, National Bank Financial Inc. and J.P.
Morgan Securities Canada Inc. acted as lead underwriters and joint
bookrunners for the Offering. CIBC World Markets Inc., TD
Securities Inc., Raymond James Ltd. and Scotiabank also acted as
underwriters for the Offering.
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.
SOURCE Lightspeed POS Inc.