Shopify Completes Offering of Class A Subordinate Voting Shares Including Full Exercise of Over-Allotment Option

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May 12, 2020
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Shopify Inc. (NYSE:SHOP, Financial) (TSX:SHOP, Financial) (“Shopify”) today announced that it has completed its previously announced offering of Class A subordinate voting shares (the “Offering”) at a price to the public of US$700 per share. An aggregate of 2,127,500 Class A subordinate voting shares, which includes the full exercise of the over-allotment option of 277,500 Class A subordinate voting shares, were sold by Shopify for aggregate gross proceeds, before underwriting discounts and offering costs, of US$1,489,250,000.