Blog Post
Shopify to raise $100M in IPO

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.