The market communicationns platform developer is going public today in an $81m initial public offering which will enable OpenText to exit.

Q4, a Canada-based financial communications software provider backed by enterprise software producer OpenText, priced a C$100m ($81m) initial public offering on Friday.

The company is issuing just over 8.3 million shares priced at C$12.00 each, below the C$14.50 to C$17.00 range it had set for the offering. It is set to float on the Toronto Stock Exchange later today.

Founded in 2006, Q4 has built a cloud software platform which allows capital markets participants such as investment banks to communicate…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.