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.”
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