Thursday, September 17, 2015

Shopify Inc. - SH.t

Shopify Inc. - SH.t is a leading cloud-based commerce platform designed for small and medium-sized businesses.

Shopify currently powers over 175,000 businesses in approximately 150 countries, including: Tesla Motors, Budweiser, Wikipedia, LA Lakers, the New York Stock Exchange, GoldieBlox, and many more.

On September 17, 2015 the company released News

Shopify Inc. (“Shopify”) (NYSE:SHOP) (TSX:SH), a leading cloud-based multichannel commerce platform, today announced that it has been selected as the preferred migration provider for Amazon Webstore merchants. In addition, Shopify is providing its merchants with tools and services to help customers grow their online business and easily integrate Amazon offerings such as Login and Pay with Amazon, Fulfilment by Amazon and Selling on Amazon.

“Both Amazon and Shopify are leaders in ecommerce so it’s a natural fit that we would enable our retailers to seamlessly run their businesses across either platform,” said Harley Finkelstein, Shopify’s Chief Platform Officer. “Many of Shopify’s existing 175,000+ merchants already use Amazon as a sales channel, and this will bridge the gap between our two companies, with just a few simple steps.”

Shopify is making it easier for online businesses to sell on both Amazon and other channels using Shopify. The channels that Shopify also supports include an online store, point of sale system, and buy buttons on social platforms.

On May 16, 2015 the company released News

Shopify Inc. ("Shopify") (NYSE:SHOP)(TSX:SH) today announced the closing of its initial public offering of 8,855,000 Class A subordinate voting shares at an initial offering price of U.S. $17 per share, which includes the exercise in full by the underwriters of their option to purchase up to 1,155,000 additional shares, for a total of U.S. $150,535,000 in aggregate gross proceeds. Shopify expects to use the net proceeds from the offering to strengthen its balance sheet, providing it with flexibility to fund its growth strategies.

Morgan Stanley, Credit Suisse and RBC Capital Markets acted as joint book-running managers for the offering. Pacific Crest Securities, Raymond James & Associates and Canaccord Genuity acted as co-managers.



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