Cymax plans to use the funds to expand its online retail website, launch an e-commerce platform and roll out technology that makes shipping easier and faster for retailers. A number of factors have to fall in place and the market conditions need to be positive to move ahead with plans for an initial public offering, he said. Sentiment has been robust for Canadian technology companies this year, and capital raising announcements have come from Shop.ca, Lightspeed, Kik Interactive, Shoes.com, Influitive, Payfirma and Real Matters. A successful initial public offering by Shopify (SH.TO) in both New York and Toronto further fueled...