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June 7, 2021   

Details Behind the Lumenpulse IPO

2021 06 Lumenpulse IPO TSX Fluxwerx Sternberg FX Souvay.jpg

Company applies to list shares publicly for the second time in 7 years


Founded in 2006, Lumenpulse Inc. quickly became an important brand in specification lighting products.  The company, now known as LMPG, Inc., includes many specification brands and has grown to become a major player in various lighting categories with 2019 revenues exceeding $300M CAD. 

The company made its first shareholder Initial Public Offering in 2014.  In 2017, after three years of public trading, a group led by Founder, President & CEO, FX Souvay, took the company private while Power Energy Corporation, a wholly-owned subsidiary of Power Sustainable Capital, acquired the outstanding common shares of Lumenpulse for $590 million in cash.

LMPG has recently announced the filing of an Initial Public Offering to once again take the company public.  It is expecting the IPO to be priced between $15.00 and $17.50 CAD per share, for gross proceeds of $300 million CAD.  Today, $1 CAD = $0.83 USD.  The company applied to list shares on the Toronto Stock Exchange (the “TSX”) under the symbol “LMPG”

IPO Pricing Date:  Expected the week of June 7, 2021
IPO Closing Date: Expected the week of June 14, 2021

Upon closing, FX Souvay is expected to have 62.8% of voting rights, once-again giving him control of the company.

In recent years, LMPG has been involved in seven acquisitions including the following brands:

  • Fluxwerx
  • Sternberg Lighting
  • Exenia 



2014:   $ 53M CAD  (First-ever IPO)
2018:   $237M CAD
2019:   $314M CAD
2020:   $268M CAD (Impacted by Covid)


Read the Prospectus »


June 7, 9:40am:  Updated to clarify the parent company name of "LMPG, Inc."


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