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Shopify Files For IPO; Seeks To Raise $100 Million

April 14, 2015: 12:00 AM EST
Shopify filed to conduct its initial public offering on the New York Stock Exchange. Seeking to raise $100 million from the IPO, Shopify sells online retailing technology and tools, such as online storefronts, payment processing systems, and apps for checkout terminals. Based on the company's filing papers, Shopify has more than 162,000 merchant customers in 150 countries. Those customers processed $3.8 billion through the company's service, giving Shopify $105 million in revenue in 2014.
Kia Kokalitcheva, "E-commerce company Shopify files for initial public offering", Fortune, April 14, 2015, © Time Inc.
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