Shopify Files for IPO

Shopify Inc., an online service for creating and operating web stores, filed to raise $100m in an initial public offering. The Company operates worldwide and has booked $124m in LTM Revenue with a 110% ’12-’14 Rev CAGR.

Current Shopify investors include Bessemer Venture Partners, FirstMark Capital, Klister Credit Corp., OMERS Ventures, Georgian Partners.  Morgan Stanley, Credit Suisse, RBC Dominion Securities  have been selected as lead underwriters for the offering.  Triton Research expects the deal to price on May 18, 2015.