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RSS FeedsShopify Prices Offering of Class A Subordinate Voting Shares
(WorldNews Canada)

 
 

17 september 2019 10:10:08

 
Shopify Prices Offering of Class A Subordinate Voting Shares
(WorldNews Canada)
 


OTTAWA, Ontario--(BUSINESS WIRE)-- Shopify Inc. (NYSE:SHOP)(TSX:SHOP) (`Shopify`) today announced the pricing of its previously announced public offering of 1,900,000Class A subordinate voting shares (the `Offering`) at a price to the public of US$317.50per 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...


 
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