Local Space Tech Pioneer Goes Public Via Reverse IPO
UrtheCast one of four recent Canadian tech IPOs helping to raise hopes for sector’s resurgence.
A Vancouver company that plans to stream video of Earth from space is among the first Canadian high-tech companies to go public since Vancouver’s Avigilon Corp. (TSX:AVO) in 2011.
UrtheCast Corp. (TSX:UR) went public June 27 through a reverse takeover of Longford Energy Inc., a $30 million shell company that was originally set up as a resource business.
UrtheCast (pronounced earthcast) was one of four Canadian high-tech companies (two in Ontario, one in Saskatchewan) to go public on the TSX in recent weeks – something analysts read as a sign of a tech stock comeback.