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E-commerce platform provider Shopify files for an IPO

E commerce platform provider Shopify files for an IPO

The e-commerce platform provider, which serves six Top 1000 e-retailers, reports 2014 sales of $105.0 million, more than double 2013’s $50.3 million.

E-commerce platform provider Shopify Inc. on Tuesday filed a registration statement with the U.S. Securities and Exchange Commission and a preliminary prospectus with the securities regulatory authorities in Canada for a proposed initial public offering of its Class A subordinate voting stock.

Neither filing has become effective yet, and Ottawa, Ontario-based Shopify says the number of shares to be sold and the price range for the proposed offering have not yet been determined. The SEC document included a $100 million target, used to calculate the registration fee.

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