OTTAWA, ONTARIO — April 14, 2015 – Shopify Inc. today announced that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (SEC) and a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada for a proposed initial public offering of its Class A subordinate voting shares. The number of shares to be sold and the price range for the proposed offering have not yet been determined. Shopify intends to apply to list its Class A subordinate voting shares on the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbols “SHOP” and “SH”, respectively.
Morgan Stanley, Credit Suisse and RBC Capital Markets are acting as joint book-running managers for the offering. Pacific Crest Securities, Raymond James & Associates and Canaccord Genuity are acting as co-managers.
A registration statement relating to the Class A subordinate voting shares has been filed with the SEC but has not yet become effective. The Class A subordinate voting shares may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
A preliminary prospectus has been filed with the securities commissions or similar securities regulatory authorities in each of the provinces and territories of Canada containing important information relating to the Class A subordinate voting shares. The preliminary prospectus remains subject to completion or amendment. There will not be any sale or any acceptance of an offer to buy the Class A subordinate voting shares until a receipt for the final prospectus has been issued by the relevant securities commissions in Canada.
The offering will be made only by means of a prospectus. A written prospectus may be obtained, when available, from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, by telephone: 866-718-1649, or by email: firstname.lastname@example.org; Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, by telephone 800-221-1037, or by email: email@example.com; or RBC Dominion Securities Inc., Attention: Prospectus Department, Three World Financial Center, 200 Vesey Street 8th Floor, New York, NY 10281, or by telephone, 877-822-4089. Copies of the registration statement and Canadian preliminary prospectus may also be obtained, when available, from www.sec.gov and www.sedar.com.
Shopify is a leading cloud-based commerce platform designed for small and medium-sized businesses. Merchants can use the software to design, set up and manage their stores across multiple sales channels, including web, mobile, social media, brick-and-mortar locations, and pop-up shops. This provides a merchant a single view of their business. The Shopify platform was engineered for reliability and scale, using enterprise-level technology made available to businesses of all sizes. Shopify currently powers over 160,000 businesses in approximately 150 countries, including: Tesla Motors, Budweiser, Google, Wikipedia, LA Lakers, GoldieBlox, and many more.