Having become one of Canada’s most valuable companies of 2020, Shopify is capitalizing on its momentum by conducting a new public equity offering. This time, Shopify is looking to raise more than US$1.55 billion through the sale of 1,180,000 subordinate voting shares at US$1,315 per share. The offering will also include an over-allotment option of an additional 177,000 shares for its underwriter syndicate comprised of Citigroup, Credit Suisse and Goldman Sachs & Co.
This offering will be Shopify’s third public offering in the last nine months. After announcing record fourth-quarter revenues and receiving increased demand for its products over the last year, Shopify will use the proceeds of this offering to strengthen its balance sheet, thereby gaining greater flexibility to fund its growth strategies.
Shopify has recently made many notable partnerships with social media companies. In October, Shopify and Tik Tok signed a deal to make it easier for Shopify merchants to sell and promote their products on Tik Tok in the United States. Shopify has now announced that the feature will be available in Canada, Europe and Asia-Pacific as well. Shopify has also increased its partnership with Facebook, making Shop Pay available to its merchants selling through Facebook and Instagram.
After ending 2020 with an 86% growth in revenue and gross profits of $1.5 billion, Shopify is well positioned to solidify its platform by exploring these alternative avenues to growth.
In March 2026, Whoop Inc. (“Whoop”) completed a Series G funding round for US$575 million, valuing the leading fitness wearable company at US$10.1 billion. Whoop received investment from many notable…
The 2026 FIFA World Cup will showcase some of the most advanced officiating technology ever used in soccer. Building on systems introduced in previous tournaments, FIFA is rolling out new tools…
Recently, the Canadian Investment Regulatory Organization (“CIRO”) approved Wealthsimple to offer forecast contracts. Forecast contracts are investment products that offer investors binary “yes” or…
On June 10, 2026, the federal government introduced Bill C-34, also known as the Safe Social Media Act. The proposed legislation represents a sweeping effort to regulate social media platforms…
The “sleep economy” is growing rapidly with more than just sleep masks, weighted blankets and melatonin products on the market selling a good night’s rest. Sleep technology has evolved from tracking…
Following a multi-year joint investigation, federal and provincial privacy regulators recently published their findings with respect to OpenAI’s collection and use of personal information to train…
