Intercap’s Docebo files for IPO on TSX

Docebo Inc., an investee company of Intercap Equity Inc. and Klass Capital, has filed a preliminary prospectus in connection with a proposed initial public offering (IPO) with terms yet to be determined and announced.

Docebo has applied to have its common shares listed on the Toronto Stock Exchange (TSX) under symbol “DCBO”.

The IPO is being underwritten by Canaccord Genuity Corp. and TD Securities Inc as co-lead and a syndicate of underwriters yet to be formed.

Goodmans LLP and Stikeman Elliott LLP act as legal counsel to Docebo and underwriters respectively.

Docebo means “I will teach” in Latin.

Founded in 2005 and led by CEO Claudio Erba, Docebo provides its customers with an easy-to-use, highly configurable and affordable learning management platform with end-to-end capabilities and critical functionality needed to train internal and external workforces, partners and customers.

Founded as Docebo S.p.A. in Italy, Docebo closed a recap in November 2015 resulting Klass Capital in partnership with management acquiring a controlling interest in the business from Italian venture capital firm Principia SGR.

Following controlling investment by Intercap Equity, Docebo was re-organized in 2016 into an Ontario corporation with subsidiaries in Itay and USA.

Led by Chairman & CEO, Jason Chapnik, Toronto based Intercap invests in companies from early-stage to larger private and public companies. Investments range from small minority stakes to full ownership.

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal,,, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's, Canada's most sophisticated and advanced all private capital and public market financing database.