Shopify’s IPO took place on May 21, 2015, on the TSX and NYSE. After a wild day of trading, the stock closed at $31.25. Assuming you had been able to commit your $1,000 at that close price, you would have been able to purchase 32 shares.
E-commerce platform Shopify ( NYSE: SHOP) has come a long way since its 2015 IPO. The company has gone from about 162,000 merchants on its platform to more than a million. Even more impressively, Shopify’s revenue has grown more than tenfold since it went public less than five years ago.
However, this is a simplified example and assumes that you were able to buy shares in the IPO and not on the public market, which isn’t always a possibility. When Shopify started to trade on its IPO date of May 21, 2015, its market price had already soared to $28 per share.
The initial public offering (IPO) and the first day of trading on May 21, 2015, will be known as as the most explosive IPO in the record books of the TSX. All eyes were glued on Shopify as it opened a new chapter in its existence.
When did Shopify go public?
In February 2014, Shopify released “Shopify Plus” for large e-commerce businesses with access to additional features and support. On April 14, 2015, Shopify filed for an initial public offering (IPO) on the New York Stock Exchange and Toronto Stock Exchange under the symbols “SHOP” and “SH” respectively.
Shopify’s dominance as an e-commerce platform provider should not be ignored. This is a company with an impressive growth history, and one that’s proven itself as a winner.
We shopify Orders, Metafields, Customers, Products, Variants, and other Shopify data can be recovered quickly and simply straight from the web browser, without any requirement for any third-party applications or software.
They site has a one-year forecast of $1,849.59 and a staggering five-year price target of $3,791.56 per share. Gov Capital is surprisingly even more confident in Shopify’s future upside. The site has Shopify reaching $2,584. 55 this year, nearly double its current price.
Is Shopify Canada’s biggest growth stock?
Recently de-throned as the largest company in Canada by market capitalization, Shopify has lost its lustre as a top-notch growth stock.
Are investors rotating out of big tech winners like Shopify?
Accordingly, investors have rotated out of their big tech winners such as Shopify into more defensive stocks. This rotation appears to be strong, with momentum firmly moving away from companies like Shopify.