Who are they? Desire2Learn is a Kitchener-based online learning platform. They build e-learning products that help students succeed in online courses and teachers manage their classrooms. With COVID-19 forcing schools to go online, demand for their products has never been greater.
Dialogue is a Montreal-based digital health care platform that provides 'doctors-on-demand' services to patients. Similarly to D2L, the 'new normal' has seen a huge spike of interest in their platform and now both companies are keen to make the most of their recent fortunes.
Why now? D2L and Dialogue are watching their Canadian cousin Shopify's share price spike in response to COVID-19 and they want in on the action. Also, the markets are generally pretty good and investors seem pretty keen about companies who can add value in a COVID world.
The CEO of D2L recently said that any money raised in a public offering would give them the horsepower they need to grow even faster than planned.
So what's next? Going public isn't a simple process and it normally involves a combination of underwriters and investment bankers to prepare the company for an offering.
But it seems like both Dialogue and D2L have started this process and conventional wisdom would point to an offering later this year or early next.