AnalytixInsight

A few stocks we track at Sophic, have performed well recently, in addition, E Automotive, an online vehicle auction marketplace, is planning to go public on the Toronto Stock Exchange. Montreal based Sharethrough, announced the pricing of its TSX IPO, as the company is looking to raise approximately $75 million in gross proceeds. Investor relations software provider Q4 Inc. reportedly cut the size and pricing of its planned IPO on the TSX. Galaxy Digital (GLXY-TSX) announced that its affiliate, Galaxy Interactive, raised a fund with $325 million of committed capital, with participation from over 70 new LPs, including institutional investors, endowments, strategic investors, and family offices. WonderFi (WNDR-NEO) upsized its previously announced bought deal private placement. Rolling Stone Magazine gave a shoutout to Sophic Client GameSquare Esports (GSQ-CSE), while we published a note on potential benefits for GameSquare and milestones that investors can look forward to. We also highlighted that Sophic Client HempFusion (CBD.U-TSXV) continues to grow its direct-to-consumer, business-to-business, online, and white label channels and has expanded its number of retail doors. In the USA, a top ByteDance investor weighed a US$500 million stake sale, WeWork shares rose in their trading debut after its SPAC merger, and crypto exchange Bakkt slid in its debut after SPAC deal and Intel blamed chip shortages for its Q3 sales miss, sending its stock down 9% on the news.

Thinkific Labs Inc (THNC-TSX), filed a preliminary and short form base shelf prospectus for up to an aggregate of $300 million. D2L filed to go public on TSX, the company expects to raise a nine-figure sum at valuation of more than US$1 billion through its IPO. We attended the company’s investor day a few years ago – and it’s great to see another iconic Canadian tech company go public on the TSX. We counted well over $100 million in funding for private Canadian innovation companies last week, and saw announcements totalling nearly a billion dollars towards VC funds. We published on Clear Blue Technologies’ (Sophic Client, CBLU-TSXV, CBUTF-OTC, 0YA-FRA) ability to automate and digitize day-to-day operations for providing clean wireless power off-grid, while collecting data as a competitive advantage. With over 400 customers, including Orange and Telefonica, it’s Clear Blue sky for the Company. In the USA, venture capital-backed companies completed initial public offerings, reverse mergers and acquisitions worth a record US$582.5 billion so far this year, according to new data from PitchBook. This is the first time U.S. VC exit value has surpassed US$500 billion. Magic Leap, the troubled augmented reality company that underwent mass layoffs and a CEO change last year, has raised US$500 million at a valuation of close to US$2 billion. Stock chart website TradingView was valued at US$3 billion. GitLab jumped 35% in its Nasdaq debut after the code-sharing company priced IPO above expected range. Bitcoin once again hit record highs even as Coinbase wants SEC blocked from crypto and Jamie Dimon called bitcoin ‘worthless’, while Vladimir Putin sees value in cryptocurrencies – but says it’s too early to tell if they can settle oil trades and Stripe is building a crypto team.