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Avigilon CEO Alexander Fernandes is photographed alongside a screen displaying a live video feed of himself by one of the Vancouver-based company’s high-definition surveillance cameras.
Avigilon CEO Alexander Fernandes is photographed alongside a screen displaying a live video feed of himself by one of the Vancouver-based company’s high-definition surveillance cameras.
(Rafal Gerszak For The Globe and Mail)

Robust tech financing demonstrates demand for growth stories

Investors flooded the order book for Avigilon Corp.’s latest share sale, proving there is hefty demand for companies that demonstrate solid growth even if they aren’t resource-oriented.

The technology company set out to raise $75-million Monday to help fund its near-term growth plans. On Tuesday morning the deal was upsized to $100-million after the order book was roughly four times oversubscribed, according to someone familiar with the offering.