The tech giant we have all come to know. Love them or hate them they continue their trend upwards to …
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.
In recent years, it is arguable that there has been no better investment on the TSX Index than Shopify (TSX:SHOP). Since going public in 2015, Shopify’s stock has jumped 1,151%!
To put that into perspective, a $10,000 investment in its stock when it first began trading on the TSX would be worth $115,100 today. Not a bad return in less than five years.