However, Tundra's hopes to go public in 1998 were dashed by the Asian financial crisis that also affected the stock markets. Although this complicated their future growth plans, Tundra continued to grow from its profits and through the continued support of its private investors. Part of this continued growth was the opening of a Mountain View office for sales and customer support. The company began trading on Monday, February 8, 1999 on the Toronto Stock Exchange. The Shares placement was at $9.25 but the shares were in such demand that they opened well above this price at $13.10 and closed their first day of trading at $13.24." The IPO also allowed Newbridge Networks to sell a portion of its ownership, cutting it from 37% to 17%. By march the company announced that its stake had fallen to 10.3%. By September 1999 the companies had completed a secondary offering of one million shares for $15.6 million and the stock was trading at $17.25. The company also announced plans to move into a mixed-retail and office space campus in the Kanata Centrum Area which never came to fruition. In February 2000 the company recorded revenues of $10.435 million and earnings of $1.222 million (eight cents a share) in the third fiscal quarter ended Jan. 30, compared with $7.311 million in revenue and $539,000 earnings (five cents a share) for the same 1999 period. The stock subsequently hit a new all-time high of $51.75. The company had an internal goal of becoming a billion dollar company in revenue by 2008. At the time the company expected revenue growth to stay at 20 to 50% annually "for the next couple years", according to an interview with Adam Chowaniac. Tundra shares, buoyed by excellent third-quarter results in late February, hit an all-time intraday high of $78 on March 8, 2000. In late April the company was added to the TSE 300 Composite, the TSE 200, and the Standard and Poor/TSE Canadian SmallCap Indices. For the fiscal year ended April 30, 2000, revenue was $40.672 million, up 46 per cent from $27.809 million the year before. Earnings for the year were $4.614 million, or 31 cents per fully diluted share, a 111% gain over the $2.184 million, or 19 cents per share. At about this time R&D initiatives that had been in the pipeline from the IPO funding started to come online. Tundra announced the deployment