Shopify IPO Prices Above Range, Raises $131 Million

By | May 20, 2015

Scalper1 News

Shopify (SHOP) drew enthusiastic investors to its initial public offering, which priced at 17 late Wednesday, raising $131 million. The Ottawa, Canada-based company provides a cloud-based platform that businesses use to manage their stores across multiple sales channels, including Web, mobile, social media and brick-and-mortar locations. The 7.7 million shares offered at 17 each exceeded an expected range of 14 to 16, revised from a previous range Scalper1 News

Scalper1 News