Shopify, the fast-growing Ottawa e-commerce software company, turned to social media Tuesday to announce that it filed for an Initial Public Offering and expects to be listed soon on the New York Stock Exchange.
“We filed our planned IPO,” the company announced on Twitter. “Shopify will set up shop on the NYSE.”
The announcement is the latest in a string of positive news for Shopify. The eight-year-old firm provides retailers with an online “storefront” that allows them to collect payments and processes mobile credit card transactions.
According to Shopify’s website, its clients include 160,000 “store owners” in 150 countries, including companies such as Budweiser, Google, Wikipedia, and the LA Lakers. According to some reports, firms that use Shopify has surpassed $5 billion in total sales.
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