Investor relations software company Q4 sets price range for $150-million IPO

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The company is one of a slew of Canadian tech companies that have sought to tap public markets during the pandemic

Q4 designs software geared toward managing the investor relations needs of public companies. The technology facilitates webcasts and earnings calls for investors, and organizes financial statements on the investor relations section of company websites. It also provides data intelligence services to companies, analyzing capital flows and capturing information on activist shareholder activity.

Q4 software facilitates roughly half a million investors each quarter at virtual events, and about 12 million investors interact with its corporate customers each month through its network of investor websites. Q4 had $40.4-million in revenue in 2020, up 80.3 per cent from the previous year. The company lost $13-million last year, compared to a $11-million loss in 2019.

New York-based venture capital firm Ten Coves Capital is one the biggest investors in Q4, with a 24.5-per-cent stake, while Mr. Heaps owns 4.9 per cent of the stocks, or 2.9 million shares.

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