Blog Post

Shopify to raise $100M in IPO

Posted in News

CBC reported that Ottawa's Shopify has announced plans to list on the New York and Toronto stock exchanges with an intent to raise up to $100 million. Shopify provides a cloud-based commerce platform for small and medium-sized entrepreneurs. Though the company has yet to turn a profit, its revenues grew from $23.7 million in 2012 to $105 million in 2014.