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 September 2019, Shopify had more than 1,000,000 businesses in approximately 175 countries and territories using its platform.
Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment. Lütke was the CEO from start until August 2015 when he stepped down and was replaced by Harley Finkelstein who is now the Chief Operating Officer.
In 2010, Shopify launched a free mobile app on the Apple App Store. The app lets Shopify merchants manage their stores from iOS devices.
Shopify has been profitable since 2015. It has raised over $1 billion in venture capital. In 2018, Shopify had a market capitalization of $9 billion as it prepared to go public on the New York Stock Exchange (NYSE) with an initial public offering (IPO) under the ticker symbol “SHOP”.
Shopify went public on the NYSE on May 21st, 2015 at $17 per share, closing the day at $28.19 per share with a market capitalization of $3.7 billion.
The company’s largest shareholder is German billionaire entrepreneur Heinz-Gerhard Wiechers, who owns 9% of outstanding shares as of September 2019.
In June 2019, Shopify acquired 6 River Systems for $450 million to help it expand fulfillment operations for its merchants.
PRO TIP: If you are considering investing in Shopify stock, be aware that there are significant risks involved. The company is not yet profitable, and its share price is highly volatile. There is also the potential for competition from other e-commerce platforms to eat into Shopify’s market share.
Can You Buy Shopify Stock?
Yes, you can buy Shopify stock as it is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol “SHOP”.
7 Related Question Answers Found
Shopify (SHOP) is an e-commerce platform that enables businesses of all sizes to create an online store. It offers a customizable platform, an easy-to-use checkout process, and a wide range of features. Shopify’s platform is based on three pillars: simplicity, flexibility, and scalability.
You can absolutely transfer your Shopify domain to another registrar! In fact, we encourage it. Why?
Adding users to Shopify is a quick and easy process. There are two ways to add users: through the Shopify Admin, or through the Shopify API. Adding users through the Shopify Admin is the recommended method, as it is the simplest way to add users and requires no programming knowledge.
Shopify is a platform for businesses of all sizes to create an online store. It offers users a customizable platform, an easy-to-use checkout process, and a wide range of features. For businesses that are just starting out, Shopify can be a great option.
Shopify is an ecommerce platform that enables entrepreneurs to start their own online stores. Shopify is simple to use, especially for those who are not tech-savvy. It offers a wide range of features and is suitable for businesses of all sizes.
Shopify is a popular platform for online stores. It allows you to create an online store from scratch, or you can use Shopify to improve an existing online store. Shopify is a great platform for online stores because it is easy to use and has a wide range of features.
Shopify is a platform for businesses of all sizes to create an online store. It offers users a customizable platform, an easy-to-use checkout process, and a wide range of features.Shopify is a great option for businesses that want to create an online store but don’t have the time or resources to develop their own website. It’s also a good option for businesses that already have a website but want to add an online store.
