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How Much Is Shopify Stock in Canada?

Last updated on October 1, 2022 @ 10:25 pm

Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.

Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.” The company claims that its platform is used by over 1,000,000 businesses in approximately 175 countries.

Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment. Lütke used the open source web application framework Ruby on Rails to build Snowdevil’s online store, and launched it after two months of development. Shopify was launched in 2006.

PRO TIP: Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. As of August 2020, the company had more than 1 million merchants using its platform, with total gross merchandise volume exceeding $41 billion.

However, Shopify has been criticized for its high fees and lack of transparency regarding how those fees are calculated. Additionally, some users have complained about the company’s customer service and return policy.

In 2010, Shopify acquired Select Start Studios Inc., a Toronto-based web design and development studio. In 2012, Shopify launched Shopify Payments (formerly known as “Bolt”), which allowed merchants to accept credit cards without requiring a third-party payment gateway.

In 2015, Shopify acquired Tiny Hearts Ltd., a Toronto-based mobile app development studio specializing in developing lifestyle and messaging apps. In 2018, Shopify entered into a strategic partnership with Amazon.com, Inc., whereby Shopify would build and power the ecommerce backend for certain Amazon products.

How Much Is Shopify Stock in Canada?
As of July 2020, Shopify stock is trading at $988.00 CAD per share on the Toronto Stock Exchange (TSX).

Morgan Bash

Morgan Bash

Technology enthusiast and Co-Founder of Women Coders SF.