Tom Gardner owns shares of Shopify. One such competitor recently went public and has tossed its hat in the same arena as Lightspeed. I became bullish on Lightspeed after its remarkable turnaround during the pandemic. Lightspeed POS Inc. ("Lightspeed" or the "Company") (TSX: LSPD) today announced the launch of a marketed public offering of Lightspeed's subordinate voting shares in the United States and Canada, representing Lightspeed's initial public offering in the United States. The company’s shares rose as high as $20.22 CAD early in the day, before closing at $18.90. Lightspeed could appeal to investors who didn't invest in Shopify when it went public. The Motley Fool owns shares of Lightspeed POS Inc. The global payments industry is a $2 trillion market, according to McKinsey. Looking for another intense growth stock? The physical store footfall diverted to the online store. Iain and his team just published a detailed report on this tiny TSX stock. Payments startup Lightspeed POS (TSX:LSPD)(NYSE:LSPD) has been the ultimate turnaround story this year. The difference in valuation could create an opportunity for potential Nuvei investors. Due to social distancing requirements amid the COVID-19 pandemic, households have started shopping online. Because he thinks this fast-growing company looks a lot like Shopify, a stock Iain officially recommended 3 years ago – before it skyrocketed by 1,211%! Even though Nuvei was listed. Lightspeed, the company is older and larger than its more well-known rival. Aurora Cannabis (TSX:ACB) Stock Just Crashed 30%, Forget SPI Energy Stock: Buy This 1 TSX Stock Instead, TSX Stocks: 3 Canadian Blue-Chips to Buy Amid the Recent Market Weakness. Since its IPO in May 2015, Shopify’s shares appreciated 4,000%+ as of Aug. 2020. Find out how you can access the NEXT Shopify today! As Lightspeed is in its early stages of a growth stock, there is a possibility that it could make a new high. Its Relative Strength Index (RSI) crossed the overbought mark of 70 in late August. So far, Shopify stock has gained 135 percent in 2020. The most bullish analyst sees Shopify stock rising 50 percent from the current level to $1,400. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Canadian retail payment technology provider Lightspeed POS is going public in the U.S. to raise more cash to fund its growth. Sell Alert! Lightspeed stock debuted on the NYSE on Friday, Sept. 11. Larger scale also means Nuvei can be profitable with lower margins, making its service more competitive than smaller rivals. This helps it expand faster than smaller rivals. The NASDAQ Just Dipped 10%: Should You Worry.
Since the IPO, Nuvei is also worth more than its rival. It fell by 67.5% in the March sell-off and then made a full V-shaped recovery by growing more than 260% between April and August. Should you buy this stock at $40.8? Look at that big green candle pre-market pic.twitter.com/86YnZfiCgv.