This translation has been automatically generated and has not been verified for accuracy.Montreal telemedicine company Dialogue Technologies Inc. is set to join a rush of Canadian technology companies to the public markets.
The five year old company has raised more than $100-million in venture capital to date from Sun Life Financial Inc., National Bank of Canada, Power Corp. of Canada’s Portag3 Ventures, the Caisse de dépôt et placement du Québec, White Star Capital and others.Dialogue CEO Cherif Habib told the Globe last September his company was considering an IPO in 2021 after inviting investment bankers to pitch their services.
However, numerous other Canadian technology companies have hired bankers or filed to go public in the subsequent five months. They have generally met with a warm investor response in what is shaping up to be the busiest period for IPOs since the Dot-com boom. That includes the two largest technology IPOs in Canadian history, by Nuvei Corp. and Telus International Inc. In addition, Mindbeacon Holdings Inc.
Five-year old Dialogue hired hundreds of employees last year and increased the number of Canadians that can access medical services through its online platform more than twelvefold, to five million people as of last summer. The company in October announced it had purchased Canadian employee assistance program provider Optima Global Health.
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