Shopify (TSX:SHOP) Issues Share Offering

Shopify TSX:SHOP Issues Share Offering

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.