Tech, Telecom & Media
 

November 15, 2018

 
VISIT TECHNOLOGY

top news

Rare tech IPO for Toronto’s Dye & Durham postponed
  Rare tech IPO for Toronto’s Dye & Durham postponed
 

Tim Kiladze and Sean Silcoff

A rare Canadian technology initial public offering has foundered, with Toronto’s Dye & Durham Corp. deciding to postpone its attempt to go public.

The company, which predominately offers cloud-based software to corporate law firms, announced plans for a $125-million IPO in late September. Late last week, Dye & Durham quietly told its bankers to postpone the deal, while adding that a sale may be in the company’s cards instead.

Dye & Durham faced a tough market as it tried to woo investors. Canadian equity markets whipsawed in October, and over the six weeks since filing an IPO prospectus, the S&P/TSX Composite Index has dropped 5.8 per cent.

 
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latest posted news

Walmart’s Latin American delivery app Cornershop plans to expand into Canada next year
Walmart’s Latin American delivery app Cornershop plans to expand into Canada next year
 
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Cineplex earnings miss ‘an anomaly,’ CEO says as shares decline on third-quarter figures
  Cineplex earnings miss ‘an anomaly,’ CEO says as shares decline on third-quarter figures
 
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Uber posts $1.07-billion loss in third quarter as growth in bookings slows
  Uber posts $1.07-billion loss in third quarter as growth in bookings slows
 
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Cineplex shares plunge as third-quarter earnings miss expectations despite higher revenues
  Cineplex shares plunge as third-quarter earnings miss expectations despite higher revenues
 
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  Snap Inc. reveals U.S. Justice Department subpoenas on IPO disclosures
 
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  WeWork secures additional $3-billion in funding from SoftBank
 
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Amazon took over Seattle. This is what New York and Washington can expect
 
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  Toronto left on sidelines as Amazon splits HQ2 between New York and Virginia
 
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  Amazon splitting HQ2 between New York and Virginia, adding major Nashville facility
 
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In case you missed it

Amazon took over Seattle. This is what New York and Washington can expect
Amazon took over Seattle. This is what New York and Washington can expect
 

Matt Lundy

 
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PODCAST

In an age of convenience, Ritual is revolutionizing the lunch rush. CEO Ray Reddy talks about the origins of his takeout app, coming to Canada as a teenager and looking at failure differently.
 
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