An online learning company that was started by a Waterloo Engineering student who challenged himself to think big is now poised to go public.
D2L Corp., which was founded in 1999 while John Baker (BASc '00) was still an undergraduate student in systems design engineering, filed a prospectus with regulators this week to list on the Toronto Stock Exchange under the ticker symbol DTOL.
The move comes after the Kitchener-based company got a boost from a shift to digital learning during the COVID-19 pandemic, with revenues rising to US $138 million in the year ending July 31, up 21 per cent from the previous year.
“D2L’s mission has never been more vital,” Baker, the founder and chief executive officer, wrote in a letter to investors included with the filing.
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