LSPD.to--first day trading

I was very tempted... placed an order, but didn't want to get caught in pricing hype. Pulled back a bit from it's highs, but still:

LSPD $ 18.90 real time data Change Up Change:
4.90 (35.00%) Volume:
4,313,016

I'm a big gun shy since losing on another hyped Canadian tech company that is working to revolutionize and digitize mortgage/lending REAL.

i have read an article that say, the potential of this business to growth and generate substantial revenu is somewhat low.

the article state that a revolutionary software for restaurant and everything, but after they sold it and every restaurant have it....what after

maybe if we know more about that business and their plan, could dissipate that way of thinking, but for now....i feel it risky. but thats just me.

HyperTech wrote: ↑ i have read an article that say, the potential of this business to growth and generate substantial revenu is somewhat low.

the article state that a revolutionary software for restaurant and everything, but after they sold it and every restaurant have it....what after

maybe if we know more about that business and their plan, could dissipate that way of thinking, but for now....i feel it risky. but thats just me.

They collect a % of sales completed on their platform. Similar to square or shopify in that sense

hmmm, thats interesting....i should have known that information, so i would invest lots of money in it before.

edit: i find it risky to buy it at the current price, what do u guys think?

thx

1xTiMeR wrote: ↑ Running hard now.

Would like to see if ubereats, foodora, etc can be integrated.

So far I dont see them as a partner.

https://www.lightspeedhq.com/pos/restau ... egrations/

Mainstream news coverage today pushing this?

woohoo up 10%

wow! missed it. :-(

Bought in at $22. 100 shares only lol. ($2,200 which for a relatively unknown speculative buy, and limited TFSA room, is a lot for me)
Looks good so far.

Up more after earnings, making an acquisition, and upgrades.

That's some serious FOMO

First quarter revenues increased 38% and stock is up around $45.

https://www.bnnbloomberg.ca/lightspeed- ... -1.1299317

Still heading up. Can't complain.

johnnychi wrote: ↑ Still heading up. Can't complain.

+1. Hopefully it follows as the 'mini Shopify' and continues to sure upwards.

LSPD TRADING HALTED TODAY at 4:04pm after the market closed.


TORONTO , Aug. 12, 2019 /CNW/ - The following issues have been halted by IIROC:

Company: Lightspeed POS Inc.

TSX Symbol: LSPD (All Issues)

Reason: Pending News

Halt Time (ET): 4:04 PM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada .

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions

https://markets.businessinsider.com/new ... 1028439441




THIS HALT MAY RELATE TO LSPD ANNOUNCEMENT THAT ADDITIONAL VOTING SHARES ARE ISSUED:

Lightspeed Launches Offering of Subordinate Voting Shares
GlobeNewswire•August 12, 2019
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

MONTREAL, Aug. 12, 2019 (GLOBE NEWSWIRE) -- Lightspeed POS Inc. (“Lightspeed” or the “Company”) (TSX: LSPD) today announced that it has filed a preliminary prospectus supplement (the “Preliminary Supplement”) to its short form base shelf prospectus dated August 6, 2019. The Preliminary Supplement was filed in connection with a marketed public offering of Lightspeed’s subordinate voting shares (the “Offering”).

te1648 wrote: ↑ LSPD TRADING HALTED TODAY

TORONTO , Aug. 12, 2019 /CNW/ - The following issues have been halted by IIROC:

https://markets.businessinsider.com/new ... 1028439441

Not surprising. They telegraphed this since end of July and filed for this share issuance. Combo two different parties and a lock up period instituted after closing:

1) Company raising cash with 1,160,000 shares.

2) Insiders partially cashing out 5,411,693 shares.

MONTREAL, Aug. 12, 2019 (GLOBE NEWSWIRE) -- Lightspeed POS Inc. (“Lightspeed” or the “Company”) (TSX: LSPD) today announced that it has filed a preliminary prospectus supplement (the “Preliminary Supplement”) to its short form base shelf prospectus dated August 6, 2019. The Preliminary Supplement was filed in connection with a marketed public offering of Lightspeed’s subordinate voting shares (the “Offering”).

A total of 6,571,693 subordinate voting shares will be offered for sale under the Offering, which will be conducted through a syndicate of underwriters (the “Underwriters”) led by BMO Capital Markets, J.P. Morgan Securities Canada Inc. and National Bank Financial Inc. (the “Joint Bookrunners”). 1,160,000 subordinate voting shares will be offered by Lightspeed, and an aggregate of 5,411,693 subordinate voting shares will be offered by (a) DHI Dasilva Holdings Inc., an entity controlled by Dax Dasilva, Lightspeed’s founder and Chief Executive Officer, (b) Caisse de dépôt et placement du Québec, (c) Inovia Capital (through entities controlled by them) and (d) certain members of Lightspeed’s management (collectively, the “Selling Shareholders”). Lightspeed will not receive any of the proceeds of the sale of subordinate voting shares by the Selling Shareholders. The Selling Shareholders have agreed to a customary lock-up period of 90 days following closing of the Offering, during which time they will be restricted from disposing of any further securities of Lightspeed without the prior consent of the Joint Bookrunners. All of the existing lock-up arrangements entered into at the time of Company’s initial public offering will continue to remain in full force and effect in accordance with the terms set forth therein.

Lightspeed will also grant the Underwriters an over‑allotment option, exercisable for a period of 30 days from the date of the closing of the Offering, to purchase from treasury up to an additional 15% of the subordinate voting shares to be sold pursuant to the Offering.

The Company currently expects that the net proceeds of the Offering will be used primarily to strengthen the Company’s financial position and allow it to pursue its growth strategies, which include: expanding its customer base; accelerating the rollout of Lightspeed Payments; supporting the growth of existing customers; expanding its solutions; and selectively pursuing acquisitions.

johnnychi wrote: ↑ Not surprising. They telegraphed this since end of July and filed for this share issuance. Combo two different parties and a lock up period instituted after closing:

1) Company raising cash with 1,160,000 shares.

2) Insiders partially cashing out 5,411,693 shares.

So, the LSPD share price may go down tomorrow?

te1648 wrote: ↑ So, the LSPD share price may go down tomorrow?

Typically with issuances price goes down for a bit. Sometimes when there's heavy demand the price goes up on the day, but rarely. Haven't seen the pricing sheet to see what shares are offered at.

Bought deal so the underwriters will have a ~million shares to eventually unload. The big overhang to get mopped up is the 5 million from insiders cashing out part of their investment.

I guess could see a couple things from this - 1) they're' confident enough in LSPD that 6 million shares can be unloaded onto the market. or 2) well they're scrambling to cash out lol.

It is normal for insiders to cash out - even insiders of SHOP cash out. Often they put their own money plus other investors' (Caisse) cash into the company; some are paid with shares/stock options (Government has been looking into how stock options are used and are consulting the public at the moment.) instead of cash. So if they need cash and for balancing their investments/financials assets they cash out.