Shopify Inc (TSX:SHOP) announced today that it has completed its offering of Class A subordinate voting shares at a price of $317.50 USD per share. The company issued 2,185,000 Class A shares, which were sold by Shopify for proceeds of $693,737,500. Shopify expects to use this capital to strengthen its balance sheet and fund further growth strategies in the future.
Every once in a while investors are given the chance to invest in a company that provides a very unique opportunity. That opportunity is excellent growth to go along with a rock solid dividend and low valuations.
There aren’t too many stocks like this on the TSX, but one of them is quietly posting record breaking earnings and still losing value.