The Globe and Mail reports in its Friday, Feb. 7, edition that Lightspeed Commerce tumbled $2.67 (Canadian) to $18.04 (Canadian) Thursday in Toronto after it said it had abandoned a sale process and would instead buy back $400-million (U.S.) of shares, nearly 20 per cent of its float, bucking a trend that has seen many Canadian tech companies exit public markets. The Globe's Sean Silcoff writes that Lightspeed shares hit levels unseen since its began its strategic review in September. BMO Capital Markets analyst Thanos Moschopoulos, echoing other analysts, says: "It's not the outcome we anticipated at the start of the process. Clearly, the board determined that more shareholder value could be created relative to whatever price may have been offered." Lightspeed chief executive officer Dax Dasilva says: "There's always going to be disappointment if certain parties were expecting a deal. Ultimately, showing traction is what we need to do quarter after quarter" to win back investors. He adds, Lightspeed "needs to do a bit of a reset" in communicating its plan when it hosts a previously postponed capital markets day in March. The Globe notes that Lightspeed is one of Canada's largest tech companies by market cap.