Bessemer among selling investors in Shopify's $287 mln offering

Canadian e-commerce and retail software company Shopify Inc (NYSE: SHOP) (TSX: SH) has launched an offering of Class A subordinate voting shares. Priced at about US$286.9 million in total, the offering includes shares to be sold by U.S. venture capital firm Bessemer Venture Partners and members of Shopify’s management team. The offering is expected to close on or about August 22nd. Bessemer is among a group of Canadian and U.S. investors that financed Ottawa-based Shopify prior to the company's initial public offering in May 2015.

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