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How Do I Buy Stock on Shopify?

Last updated on October 2, 2022 @ 12:31 am

Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.

Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement” to simplify the process of running an online store for small merchants. As of August 2019, Shopify had more than one million merchants using its platform, with total gross merchandise volume exceeding $41 billion.

PRO TIP: If you are considering purchasing stock on Shopify, be aware that there are many risks involved. Shopify is a relatively new platform and there is no guarantee that it will be around for the long term. Additionally, the stock prices on Shopify can be volatile and may fluctuate frequently.

How do I buy stock on Shopify?

If you’re interested in buying stock on Shopify, there are a few things you need to know. First, Shopify’s initial public offering (IPO) took place on May 21, 2015, and its stock is traded on the New York Stock Exchange and Toronto Stock Exchange under the ticker symbol “SHOP.”

As of August 2019, the company had a market capitalization of over $15 billion. Second, if you’re a U.S. investor, you can purchase Shopify stock through any major brokerage firm. And third, as with any stock purchase, there are risks involved so be sure to do your research before investing.

Conclusion

Purchasing stock in Shopify is a sound investment decision for anyone looking to invest in a company that is growing rapidly and has a strong future outlook. Although there are risks associated with any stock purchase, Shopify’s track record thus far indicates that it is a safe bet for investors.

Dale Leydon

Dale Leydon

Sysadmin turned Javascript developer. Owner of 20+ apps graveyard, and a couple of successful ones.