Pipe, one of a cluster of startups that found a niche in lending money to companies against their recurring revenues, is close to naming a new CEO to succeed co-founders Harry Hurst and Josh Mangel, who were co-CEOs until last fall, according to people familiar with the decision.
The appointment, which could be announced as soon as this week, comes as rising interest rates have cooled sales at companies that got money through Pipe and its competitors.
Shopify Inc. Cl A stock falls Monday, underperforms market - MarketWatch
Shares of Shopify Inc. Cl A SHOP, -2.24% shed 2.24% to C$69.34 Monday, in what proved to be an all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE, -0.62% falling 0.62% to 20,628.92. Shopify Inc.
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