![]() No securities regulatory authority has either approved or disapproved the contents of this news release. is acting as Co-Manager (together with Citigroup and Credit Suisse, the “Underwriters”). Citigroup and Credit Suisse are acting as Book-running Managers, and National Bank Financial Inc. Pending their use, Shopify intends to invest the net proceeds from the Offering in short-term, investment-grade, interest-bearing instruments or hold them as cash.Ĭlosing of the Offering is subject to a number of closing conditions, including the listing of the Class A subordinate voting shares on the NYSE and the TSX, and any required approvals of each exchange, and is expected to occur on or about May 12, 2020. Shopify expects to use the net proceeds from the Offering to strengthen its balance sheet, providing flexibility to fund its growth strategies. ![]() The Over-Allotment Option is exercisable for a period of 30 days from the date of the final prospectus supplement relating to the Offering. Shopify has also granted the Underwriters (as defined below) an over-allotment option to purchase up to an additional 15% of the Class A subordinate voting shares to be sold pursuant to the Offering (the “Over-Allotment Option”). The gross proceeds from the Offering, before underwriting discounts and offering costs, are expected to be US$1,295,000,000. (NYSE:SHOP)(TSX:SHOP) (“Shopify”) today announced the pricing of its previously announced public offering of 1,850,000 Class A subordinate voting shares (the “Offering”) at a price to the public of US$700 per share. OTTAWA, Ontario-( BUSINESS WIRE)-Shopify Inc.
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