Lightspeed Commerce opts to stay public, plans $400M share buyback despite recent loss.
Lightspeed Commerce Inc., a Montreal-based software company, will stay public and buy back up to $400 million in shares after an extensive strategic review. Despite a Q3 loss of $26.6 million, the company reported a 17% revenue increase to $280.1 million. The review concluded that a full transformation plan as a public company would maximize value, focusing on retail growth in North America and hospitality in Europe.
2 months ago
11 Articles
Articles
Further Reading
This is your last free story for the month. Don’t miss out — Subscribe now for unlimited access!