Description: It’s the largest tech company Initial Public Offering (IPO) in the history of the TSX. Montreal payment processor Nuvei raised a whopping $700 million on Thursday on the TSX. A large portion of Nuvei’s customers are centered around the sports-betting industry, a growing part of the online world.
Date: September 17, 2020
1) Had you ever heard of Nuvei before you read this story?
2) What factors do you think drove the price of the shares so high?
3) Read the Accounting Matters inset box “IPOs Can be a Mixed Brew” on 11-6 of Wiley’s Financial Accounting: Tools for Business Decision-Making. After reading it, and thinking about this story of Nuvei, do you think you would have purchased shares in this IPO?