Venture-backed Shopify wraps up IPO with $150.5 mln raise
Canadian e-commerce and retail software company Shopify Inc (NYSE: SHOP) (TSX: SH) has wrapped up its initial public offering, raising a final total of about US$150.5 million in gross proceeds. It was earlier reported that the company raised about US$131 million. Based in Ottawa, Shopify is led by founder and CEO Tobi Lütke. Launched in 2004, the company’s Canadian and U.S. venture capital investors include Bessemer Venture Partners, Felicis Ventures, FirstMark Capital, Georgian Partners, Insight Venture Partners and OMERS Ventures.
27 May 2015•4 mins read
