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Canadian e-Commerce Software Maker Shopify Files for IPO

(Reuters)

Shopify Inc, a Canadian e-commerce software maker, filed with U.S. regulators for an initial public offering of Class A common stock in Canada and the United States. [...] Reuters reported last month that Shopify could go public as early as the spring, possibly with valuations over $1 billion. [...]

Other Canadian companies looking to go public this year include property information provider Real Matters, online lender Mogo and PointClickCare, whose software supports the senior care market.

Shopify, whose platform is used by General Electric Co and Tesla Motors Inc among others, said 162,261 merchants had subscribed to its platform from about 150 countries as of March 31. Click here to read more.

Related: Mexico Joins Rankings of Top e-Commerce Markets (DC Velocity)