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What Did Shopify IPO At?

Last updated on October 2, 2022 @ 2:41 am

Shopify is a Canadian multinational 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.

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 Ruby on Rails framework to build Snowdevil’s online store, and launched it after two months of development.

Weinand and Lake then recruited developer France Benoit to help complete the project. The team launched Snowdevil as a web application in June 2004.

In February 2006, Shopify raised $7 million in Series A funding from Bessemer Venture Partners. Shopify launched its own iPhone app in 2010, allowing merchants to manage their stores from iOS devices. The app was released when the iPhone 4 was released, and Shopify has since released apps for the iPod Touch and iPad.

PRO TIP: Please be aware that Shopify IPO’d at $131 and change, and that this figure is subject to change. Shopify is a volatile stock, so please be cautious when investing.

In September 2011, Shopify acquired Select Start Studios Inc., a Toronto-based mobile app development studio. In October 2011, Shopify announced plans to open a physical office in Toronto.

On May 21st, 2015 Shopify had it’s Initial Public Offering on the New York Stock Exchange and traded under the symbol “SHOP”. The IPO priced at $17 per share, giving Shopify a valuation of $1.27 billion.

What Did Shopify IPO At?
Shopify IPOed at $17 per share, giving it a valuation of $1.

Madison Geldart

Madison Geldart

Cloud infrastructure engineer and tech mess solver.