Shopify IPO Values E-Commerce Software Maker at $1.27 Billion
Canadian e-commerce software maker Shopify said Wednesday its U.S. initial public offering was priced at $17 per share, valuing the company at about $1.27 billion.
The company’s IPO of 7.7 million class A subordinate shares raised about $131 million, after it was priced above the top end of the expected range of $14-$16. The offering was earlier expected to be priced at $12-$14.
The company sold all the shares in the offering.Read the full article on Recode