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The Shopify IPO
Acquired
Shopifi Investing in Venture Capital
The shopfi ipo went public on the new york stock exchange and toronto stock exchange in canada, two different tickers. On may twentieth, 20 15, they price the ipo at 17 dollars per share, which equates to a one point three billion dollar market cap. Just about four years later, they start trading the next day at 28 dollars a share, which is 60 % higher. For the whole year, they do obasing seven point seven billion dollars in g m v of merchandise that merchants are selling on shop ifi. In 24 ten they cross a hundred million in net revenue. The company said they had 500 thousand merchants on the platform.
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