Shopify files for proposed IPO

Ottawa-based e-commerce startup Shopify announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) and a preliminary prospectus with the respective Canadian regulatory authorities for a proposed initial public offering of its Class A subordinate voting shares. The number of shares to be sold and the price range for the proposed offering are yet to be determined.

Shopify intends to list its shares on both the New York Stock Exchange and the Toronto Stock Exchange, under the symbols “SHOP” and “SH”, respectively.

Morgan Stanley, Credit Suisse and RBC Capital Markets are acting as joint book-running managers for the offering.

Douglas Soltys

Douglas Soltys

Douglas Soltys is the Editor-in-Chief of BetaKit and founder of BetaKit Incorporated. He has worked for a few failed companies and written about many more. He spends too much time on the Internet.