The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

A view of Toronto’s financial district at the intersection of King and Bay.
A view of Toronto’s financial district at the intersection of King and Bay.
(Kevin Van Paassen/The Globe and Mail)

subscribers only

Halogen shines light on tech IPO market

Technology companies have been overshadowed by the flood of real estate investment trusts going to market in the first quarter. But the United States has seen a surge in tech initial public offerings, and at least one Canadian company looks ready to catch that wave.

Halogen Software Inc. filed for an offering on the Toronto Stock Exchange a few days ago, and is said to be seeking a valuation equal to five times its revenue. If the market is willing to pay it, that would equate to $190-million. While the cloud-based talent management software provider had been on the Street’s radar, it’s a reassuring sign of life in improving markets.