The Globe and Mail reports in its Thursday, Sept. 26, edition that an anonymous source has reported that Lightspeed Commerce is officially up for sale. The Globe's Andrew Willis and Sean Silcoff write that this decision comes as part of a trend among Canadian tech companies to consider going private following a stock market slump after pandemic restrictions were lifted. Lightspeed's board has enlisted the services of JPMorgan to conduct a review of the business, which may involve a potential sale to a rival tech company or private equity fund. Lightspeed is still in the early stages of the review. There are no guarantees that it will be sold. This news was first reported by Reuters. Lightspeed's market capitalization is $3.2-billion. Lightspeed's shares soared $2.48 to close at $21.15 in Toronto on Wednesday. Despite posting higher revenue in recent years amid rising customer transactions, Lightspeed has failed to reach profitability, although it has lived up to its promises to achieve adjusted operating profitability, a non-GAAP measure that is followed more closely by analysts. Potential bidders for Lightspeed could include established U.S. rivals such as Global Payments Inc. and NCR Corp.