TORONTO–( BUSINESS WIRE ): Cboe Canada Inc. (“Cboe Canada”) is pleased to welcome healthcare company Light AI Inc. (“Light AI”) to its initial public offering. The Vancouver-based company produces diagnostic software to detect bacterial and viral infections and is now trading on Cboe Canada under the ticker ALGO.
Light AI’s patented diagnostic software uses artificial intelligence algorithms to analyze smartphone images to identify strep A infections without relying on traditional face-to-face diagnostic methods. In pre-FDA validation studies, Light AI’s algorithm accurately diagnosed strep A approximately 97% of the time, consistent with the standard swab culture currently used for diagnostics.
Darren Tindale, CFO of Light AI, said: “We are delighted to announce our listing on Cboe Canada. This milestone marks a significant achievement in our growth strategy, enhancing liquidity and visibility for our investors. By joining a leading platform, we aim to strengthen our market presence and generate greater value for shareholders. We look forward to the exciting opportunities this listing will provide as we continue to achieve our long-term goals.”
Investors can trade ALGO shares through their usual investment channels, including discount brokerage platforms and full-service dealers. Click here for a complete overview of all securities listed on Cboe Canada.
“We applaud Light AI for their innovative work using artificial intelligence to deliver much-needed advancements in healthcare,” said Tanya Rowntree, Head of Quotes at Cboe Canada. “It’s always a pleasure to support a mission-driven company like Light AI, and we look forward to supporting the next steps in their capital markets journey through increased investor visibility, improved access to liquidity, and a solutions-focused approach to service. Welcome to Cboe!”
Cboe Canada is home to some of the most innovative Canadian and international growth companies, ETFs from Canada’s largest ETF issuers, and the full suite of Canadian Depositary Receipts (CDRs). Cboe processes 15% of Canada’s listed securities trading volume. For a complete overview of securities listed on Cboe Canada, click here .
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