And here's another article:
Shopify Completes Offering of Class A Subordinate Voting Shares Including Full Exercise of
Shopify Completes Offering of Class A Subordinate Voting Shares Including Full Exercise of Over-Allotment Option Associated Press |
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Shopify Inc. (NYSE:SHOP) (TSX:SHOP) ("Shopify") today announced that it has completed its previously announced offering of Class A subordinate voting shares (the "Offering") at a price to the public of US$700 per share.
Shopify expects to use its net proceeds from the Offering to strengthen its balance sheet, providing flexibility to fund its growth strategies. Pending their use, Shopify intends to invest the net proceeds from the Offering in short-term, investment-grade, interest-bearing instruments or hold them as cash.
Early Shopify Investor Bessemer Turned A $5 Million Bet Into $500 Million.
Shopify's soaring stock has one venture capital firm looking at a $22 billion windfall that never was.
But for one of its earliest investors, San Francisco-based Bessemer Venture Partners, the hype around the company is bittersweet. The firm first invested $5.5 million in the company's initial funding round, and after additional investments built a 26% stake worth $500 million when it went public in 2015.
Today Bessemer's stake would currently be worth close to $22 billion, the firm says. In the past month, Shopify's share price has doubled after it generated $470 million in revenue in the first quarter, as demand for its online tools has skyrocketed from brick-and-mortar retailers who have been forced online by the COVID-19 pandemic.
Shopify teams up with Sendle | Post & Parcel
E-commerce platform Shopify and Australian parcel delivery service Sendle have joined forces to make it easier for Australian small businesses to send parcels.
The integration means Aussie merchants won't have to leave the Shopify platform to ship their parcels via Sendle. From Shopify, they can print Sendle labels and book free parcel pick up from their front door with the benefits of low flat-rates Australia wide, affordable international rates, free tracking and 100% carbon neutral shipping.
Check out this next:
dLocal Integrates With Shopify to Help SMB Merchants Win New Business in Emerging Markets
The partnership allows international e-commerce merchants the ability to accept local payment methods in emerging markets through dLocal's payment processing network. dLocal’s integration with Shopify enables merchants to bypass the typically time-consuming setup through a payment gateway and gain real-time syncing and business management capabilities.
"We are honored to join the Shopify ecosystem, that now consists of over one million businesses in more than 175 countries. Shopify has empowered independent business owners to achieve economic prosperity, and we look forward to helping those businesses further expand their reach into high-growth markets," added Prandi.
Can high-flying Shopify maintain altitude over RBC? | Wealth Professional
Online retailer's recent surge revives talk of 'curse' among Canadian investment-industry insiders
Last week’s surge in Shopify’s shares has placed it among a handful of names that have managed at one point to pass RBC as Canada’s most valuable company. As prestigious as that group might seem, they’re also tied together by a dubious trend — unless the online retailer can break a long-running trend of misfortune.
Shopify Stock: What Are Analysts' Concerns Right Now? - Market Realist
Shopify ( NYSE:SHOP ) stock declined 1.91% on May 8 and closed at $708.97 with a market cap of $83.0 billion. The stock was trading 4.1% below its 52-week high of $739.24. Meanwhile, the stock was trading 192.7% above its 52-week low of $242.23.
So far, Shopify stock has had an impressive rally this year. The e-commerce giant has returned over 78% as of May 8. The gain is significant considering the current situation. Many companies have been struggling due to COVID-19. During the crisis, Shopify has helped more entrepreneurs start their businesses on its platform, which is evident from its impressive first-quarter results.
Toronto stock market moves higher to start week as Shopify surges
TORONTO — Shopify Inc. led Canada's main stock index higher to start the week as the technology sector continues to thrive amid the COVID-19 pandemic.
The S&P/TSX composite index closed up 136.66 points at 15,103.22 after getting off to a slow start.
The technology sector was strong in both the U.S. and Canada. It gained 2.6 per cent in Canada as Shopify shares increased $60.96 or 6.2 per cent to $1,050.02. Its shares are up more than 103 per cent this year but Monday's rise was not quite enough for it to regain top spot as Canada's most valuable company.
Happening on Twitter
Shopify is updating its point-of-sale kit, and making it available to Canadian merchants. I tried to explain the id… https://t.co/yGmYnkTTOc jamespmcleod (from https://clickclickclick.click/) Tue May 12 14:59:42 +0000 2020
Shopify launches retail card reader in Canada as merchants prepare for post-COVID commerce https://t.co/TJqJcffCGJ via @nationalpost jamespmcleod (from https://clickclickclick.click/) Tue May 12 11:00:53 +0000 2020
Announcing our new channel partnership with our friends at @Pinterest! Get @Shopify products in front of 350m+ Pinn… https://t.co/8HGenBOioZ skanwar (from Toronto, Canada) Thu May 07 12:19:13 +0000 2020
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