Lightspeed’s Initial Public Offering

Skadden, Arps, Slate, Meagher & Flom LLP represented Lightspeed in the transaction.

Lightspeed POS Inc. announced the launch of a marketed public offering of Lightspeed’s subordinate voting shares in the United States and Canada, representing Lightspeed’s initial public offering in the United States.

A total of 11,650,000 subordinate voting shares will be offered for sale under the offering, which will be conducted through a syndicate of underwriters led by Morgan Stanley, Barclays and BMO Capital Markets, as joint lead book-running managers, with BofA Securities and RBC Capital Markets as joint-bookrunners, and CIBC Capital Markets, KeyBanc Capital Markets, Raymond James, Scotiabank, TD Securities, and Truist Securities as co-managers. 10,000,000 subordinate voting shares will be offered by Lightspeed from treasury and 1,650,000 subordinate voting shares will be offered by Caisse de dépôt et placement du Québec. The offering will be priced in the context of the market with the price and total size of the offering to be determined at the time of entering into an underwriting agreement for the offering.

Headquartered in Montreal, Canada, Lightspeed (TSX: LSPD) powers complex small and medium-sized businesses with its cloud-based, omnichannel commerce platforms in over 100 countries.

The Skadden team included Capital Markets partner Ryan Dzierniejko (New York; Picture), and associates John Zelenbaba(Toronto) and Georgian Dimopoulos (Toronto).

Involved fees earner: Georgian Dimopoulos – Skadden Arps Slate Meager & Flom; Ryan Dzierniejko – Skadden Arps Slate Meager & Flom; John Zelenbaba – Skadden Arps Slate Meager & Flom;

Law Firms: Skadden Arps Slate Meager & Flom;

Clients: Lightspeed POS;

Author: Ambrogio Visconti