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What Price Did Shopify IPO At?

Last updated on October 1, 2022 @ 11:54 pm

Shopify, a Canadian e-commerce company, raised $131 million US in its initial public offering on the New York Stock Exchange. The IPO valued Shopify at $1.27 billion US.

Shopify provides a platform for small and medium-sized businesses to create online stores. The company was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake.

Shopify went public at a time when the e-commerce market is booming. The company’s platform enables businesses to take advantage of the growing trend of consumers shopping online.

Shopify’s IPO was well-timed and the company was able to take advantage of strong investor interest in e-commerce companies. The IPO values Shopify at around 12 times its projected sales for 2015. This is a high multiple, but it is in line with other recent IPOs in the e-commerce space.

The company’s platform has been successful in attracting customers and helping them to build their businesses. Shopify has over 200,000 customers, including some big names like General Electric, PepsiCo, and Red Bull.

The high valuation that investors have placed on Shopify reflects their confidence in the company’s growth potential. Shopify is well positioned to capitalize on the growth of e-commerce and is poised for continued success in the years ahead.

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What Price Did Shopify IPO At?

Shopify went public at a price of $131 million US, valuing the company at $1.

Kathy McFarland

Kathy McFarland

Devops woman in trade, tech explorer and problem navigator.