Coming off of two banner years, the 2015 IPO market was a disappointment with 169 IPOs raising only $30 billion, a six-year low. There is no single explanation for the decline in 2015 activity; rather, it was driven by a number of factors, including uncertainties about Federal Reserve and European monetary policies, concerns over the Chinese economy, poor IPO performance, declining...read more
Shopify, which provides a cloud-based platform for small businesses to create online stores, raised the proposed range of its upcoming IPO on Tuesday. The Ottawa, Canada-based company now plans to raise $116 million by offering 7.7 million shares at a price range of $14 to $16. The company had previously proposed to offer shares at a range of $12 to $14. At the high end of the...read more
Shopify, which provides a cloud-based platform for small businesses to create online stores, announced terms for its IPO on Wednesday.
The Ottawa, Canada-based company plans to raise $100 million by offering 7.7 million shares at a price range of $12 to $14. At the midpoint of the proposed range, it would command a fully diluted market value of $1.1 billion.
Shopify states...read more
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Renaissance Capital's 2015 US IPO Annual Review
Coming off of two banner years, the 2015 IPO market was a disappointment with 169 IPOs raising only $30 billion, a six-year low. There is no single explanation for the decline in 2015 activity; rather, it was driven by a number of factors, including uncertainties about Federal Reserve and European monetary policies, concerns over the Chinese economy, poor IPO performance, declining...read more
US IPO Market Takes Off Again in the Second Quarter: Renaissance Capital's 2Q 2015 Review
Click here to view the full report. IPO activity more than doubled during the second quarter compared to the slow first...read more
Setting up a bigger shop: Shopify increases range ahead of $116 million IPO
Shopify, which provides a cloud-based platform for small businesses to create online stores, raised the proposed range of its upcoming IPO on Tuesday. The Ottawa, Canada-based company now plans to raise $116 million by offering 7.7 million shares at a price range of $14 to $16. The company had previously proposed to offer shares at a range of $12 to $14. At the high end of the...read more
How Canada creates e-commerce: Shopify sets terms for $100 million IPO
Shopify, which provides a cloud-based platform for small businesses to create online stores, announced terms for its IPO on Wednesday. The Ottawa, Canada-based company plans to raise $100 million by offering 7.7 million shares at a price range of $12 to $14. At the midpoint of the proposed range, it would command a fully diluted market value of $1.1 billion. Shopify states...read more