However, investors had a chance to witness this rare occurrence last month when payment solutions software maker Lightspeed POS (TSX:LSPD) listed in Toronto.
Even rarer is a unicorn that lists on a public exchange. According to industry data, there’s currently only one unicorn in the country (Kik Interactive). Unicorns (private companies or startups worth over US$1 billion) are rare in Canada. They're Standing in Data Center, Rack Server Cabinet with Cloud Server Icon and Visualization Male IT Specialist Holds Laptop and Discusses Work with Female Server Technician.