IFLR1000

Shopify $658 million stock offering

23/2/2018
Share offer
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$ 658 million

Completed

23/2/2018

Overview:

  • Shopify has undertaken a $658 million stock offering.
  • 4.8 million class A subordinate voting shares were issued, valued at $137 per share.
  • The shares are listed on the NYSE and TSX.
  • The issuer is a cloud-based commerce platform.
  • Underwriters on the deal were Credit Suisse and Morgan Stanley.

Katrin Kostadinova - Data analyst 

Jurisdictions:

Canada
United States

Deal type:

Share offer

Practice area:

Capital markets : Equity

Governing law:

United States

Industry sector:

Technology and telecommunications

Firms:
Blake Cassels & Graydon

Party: Credit Suisse (Joint bookrunner)

Party: Morgan Stanley (Joint bookrunner)

Paul Weiss Rifkind Wharton & Garrison

Party: Credit Suisse (Joint bookrunner)

Party: Morgan Stanley (Joint bookrunner)

Skadden Arps Slate Meagher & Flom

Party: Shopify (Issuer)

Stikeman Elliott

Party: Shopify (Issuer)

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