Categories
Ecommerce

Vancouver online furniture seller Cymax eyes potential IPO as sales projected to double [Video]

Cheap and easy Video Content Marketing

Markus Frind looks out to the water from his 13-acre waterfront property on March 27, 2019.

Lucas Oleniuk/The Globe and Mail

B.C. furniture e-commerce company Cymax Group Inc. is exploring going public as early as next spring, joining a string of Canadian digital companies doing the same as investor demand for tech stocks soars during the pandemic.

Burnaby-based Cymax, controlled by billionaire entrepreneur Markus Frind, has recently met with investment bankers and is in the process of hiring several executives to fill out its management team.

“The strong performance has opened up a lot of strategic options for us, and we’re actively engaged in looking at those options right now,” said Cymax director Andrew Lugsdin, a partner with Framework Ventures, which manages Business Development Bank of Canada’s minority stake in Cymax. “Going public is one of those things we’re looking at. … We’re definitely talking to folks that can help us with that evaluation.”

Story continues below advertisement

He …

Watch/Read More

Categories
Ecommerce

Shopify soars as pandemic pushes more businesses to e-commerce [Video]

The Ottawa headquarters of Canadian e-commerce company Shopify is pictured on Wednesday, May 29, 2019. The Canadian Press The rush of small businesses into e-commerce during the pandemic helped Shopify Inc.‘s revenue double last quarter as its shares continued to soar upward, weeks after becoming Canada’s most valuable company. Revenue for the quarter ending June […]