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Magnet Forensics Inc., a cybersecurity company based in Waterloo, Ont., and staffed with a slew of former BlackBerry Ltd. executives, has formally filed to go public in a $90-million offering that could be the first new issue from the tech-heavy region in 15 years.
The offering comes amid a period of volatility for the IPO market and will test the continued appetite among investors for new Canadian tech issues after several recent offerings had their size and share prices cut, including space company MDA. Another technology company, Vancouver online course platform provider Thinkific, filed to raise $160-million earlier this week.