CDPQ becomes a lead investor in IEX Group
Summary
MONTREAL and NEW YORK, Dec. 3, 2020 /PRNewswire/ - Caisse de dépôt et placement du Québec (CDPQ), a leading institutional investor, announced a strategic investment in IEX Group (IEX), a New York City-based financial technology company and the eighth largest stock exchange operator globally in terms of the value of shares traded every day. "CDPQ is a growth investor with an exceptional track record and deep expertise in technology and capital markets. Bringing them on as an investor helps to fuel the next phase of growth and innovation, making them an excellent long-term partner," said Brad Katsuyama, co-founder and CEO of IEX Group. "Both the IEX Exchange and our non-exchange businesses have some significant growth catalysts on the horizon and partnering with a major global institutional investor helps to fulfill our strategic goals." Furthermore, this transaction strengthens CDPQs presence in key strategic sectors such as fintech, financial intelligence and big data" said Alexandre Synnett, Executive Vice President and Chief Technology Officer at CDPQ.