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Stock impact report

Shopify Prices Offering of Class A Subordinate Voting Shares

Shopify, Inc Subordinate Voting Shares (SHOP)  More Company Research Source: Business Wire
Last shopify, inc subordinate voting shares earnings: 8/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.shopify.com/home/default.aspx
PDF OTTAWA, Ontario--(BUSINESS WIRE)--Shopify Inc. (NYSE:SHOP)(TSX:SHOP) (“Shopify”) today announced the pricing of its previously announced public offering of 1,900,000 Class A subordinate voting shares (the “Offering”) at a price to the public of US$317.50 per share. The gross proceeds from the Offering, before underwriting discounts and offering costs, are expected to be US$603,250,000. Shopify has also granted the Underwriters (as defined below) an over-allotment option to purchase up to an additional 15% of the Class A subordinate voting shares to be sold pursuant to the Offering (the “Over-Allotment Option”). The Over-Allotment Option is exercisable for a period of 30 days from the date of the final prospectus supplement relating to the Offering.Shopify expects to use the net proceeds from the Offering to strengthen its balance sheet, providing flexibility to fund its growth strategies. Pending their use, Shopify intends to invest the net proceeds from the Offering in short-term [Read more]
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