A total of 1,180,000 Class A subordinate voting shares will be offered by Shopify for sale under the Offering, which will be led by Citigroup, Credit Suisse and Goldman Sachs & Co. LLC (the "Underwriters"). Shopify will grant the Underwriters an over-allotment option to purchase up to an additional 15% of the Class A subordinate voting shares to be sold pursuant to the Offering (the "Over-Allotment Option").
Shopify expects to use the net proceeds from the Offering to strengthen its balance sheet, providing flexibility to fund its growth strategies.
Other things to check out:
Shopify enters esports with Shopify Rebellion | Esportz Network
Shopify, a Canadian multinational href="https://directamp.com/" title="">eCommerce company, officially launched its own esports organization and Starcraft 2 team, Shopify Rebellion.
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The organization will compete across multiple games. However, they have entered the esports scene with a focus on StarCraft II. This comes as no surprise as the company hired former Team Liquid StarCraft player Dario "TLO" Wünsch as their esports program manager. TLO took to the organization’s new website to talk about the vision of the Shopify Rebellion esports team.
Shopify prices 1.2M-share offering at $1,315 | Seeking Alpha
Jebbit Expands Footprint With Shopify App Store Launch and Klaviyo Partnership
"We've tried other quiz commerce platforms and Jebbit is by far the easiest and most user friendly," said Chad Jernigan, co-founder, DIFF Eyewear. "In our short time using Jebbit we are already seeing an 80% completion rate and 40% lead capture rate of our new quiz which is crushing our previous benchmarks."
"The pandemic not only increased the volume of ecommerce transactions but forever changed buying behavior. Brands will be left behind if they don't change how they communicate with customers," said Tom Coburn, CEO and co-founder of Jebbit. "This means unifying their marketing across channels and customer journeys, targeting their audiences more effectively, and investing in growing their own first-party customer data to build long-standing, profitable relationships."
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Shopify (SHOP) Builds Momentum As GMV Surges - See It Market
Shopify is undoubtedly a leader in e-commerce, powering over 1 million merchants. The company experienced gross merchandise volume (GMV) growth of 99% year-over-year, reaching $120 Billion in annual GMV.
As the company continues to invest in tools for their merchants, friction points get removed along the way. From payments to logistics, key infrastructure layers are being built out.
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Despite being a leader in the space, they are one of many other fast-growing companies which are zeroing in on core areas in commerce and unlocking value.
Can Shopify (NYSE:SHOP) Continue To Grow Its Returns On Capital? - Simply Wall St News
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Shopify is:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
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So, Shopify has an ROCE of 2.4%. In absolute terms, that's a low return and it also under-performs the IT industry average of 9.9%.
Shopify Rival BigCommerce Edges Higher On Fourth-Quarter Earnings | Barron's
Shares of BigCommerce are slightly higher in late trading Monday after the Austin, Texas e-commerce software company posted better-than-expected fourth quarter financial results .
The company had originally expected to post results last week, but delayed the report because of the severe weather and power outages in Austin.
BigCommerce (ticker: BIGC), which helps merchants create an online retail presence, reported fourth quarter revenue of $43.1 million, up 39% from a year ago and ahead of the Wall Street analyst consensus estimate of $38.6 million. On a non-GAAP basis, the company lost 12 cents a share, two cents better than the Street consensus forecast for a loss of 14 cents.
Shopify partners with TikTok to offer Aussie merchants access to new audiences
TikTok and Shopify are partnering up in Australia, allowing merchants to create and run campaigns directly geared towards users of the social media platform.
The partnership is intended to help small business owners tap into the TikTok community, allowing them to expand their reach and optimise their marketing campaigns.
It taps into the COVID-19 boom in e-commerce, which was spearheaded by stay-at-home restrictions but is now continuing due to familiarity.
Happening on Twitter
Have you heard the news? @Shopify stores now have access to our custom payments app, and @watchesofwales is already… https://t.co/CIk9IautOt UTRUST Sat Feb 20 15:01:14 +0000 2021
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