Company Website:
http://www.shopify.com/
OTTAWA, Ontario -- (Business Wire)
Shopify Inc. (NYSE:SHOP)(TSX:SH) (“Shopify”) announces that, effective
the start of trading on Tuesday, November 1, 2016, Shopify’s stock
ticker symbol on the Toronto Stock Exchange (“TSX”) will expand from its
original two-letter symbol, “SH” to “SHOP” (TSX: SHOP).
“Shopify has already been going from strength to strength with the
launch of multichannel offerings and our mobile efforts. And now, we’re
excited to announce 100% growth in stock ticker digits,” said CEO Tobi
Lütke from an undisclosed location.
A pioneer in the application of four-letter words to regulatory filings,
the Company requested the change to its ticker symbol in Canada once it
was permitted to use a four-letter symbol by the TSX. The change will
align the Company’s Canadian ticker symbol with its U.S. ticker symbol,
which remains “SHOP” (NYSE: SHOP).
No action is required to be taken by current shareholders in connection
with the change, and no change has been made to the Company’s share
capital. However, shareholders are welcome to celebrate the ticker
expansion however they see fit.
About Shopify
Shopify is the leading cloud-based, multi-channel commerce platform
designed for small and medium-sized businesses. Merchants use the
software to design, set up and manage their stores across multiple sales
channels, including web, mobile, social media, marketplaces, brick-and-
mortar locations and pop-up shops. The platform also provides a merchant
with a powerful back-office and a single view of their business. The
Shopify platform was engineered for reliability and scale, making
enterprise-level technology available to businesses of all sizes.
Shopify currently powers over 300,000 businesses in approximately 150
countries and is trusted by big brands including Tesla Motors, Red Bull,
Nestle, GE, Kylie Cosmetics and many more.
Forward-looking Statements
This press release contains certain forward-looking statements within
the meaning of applicable securities laws, including statements
regarding a change in Shopify’s TSX stock ticker symbol. Words such as
“expects”, “anticipates” and “intends” or similar expressions are
intended to identify forward-looking statements. These forward-looking
statements are based on Shopify’s current expectations about future
events, and on certain assumptions and analysis made by Shopify in light
of current conditions and expected future developments and other factors
management believes are appropriate. These expectations are subject to
known and unknown risks, uncertainties, assumptions and other factors
that could cause actual events to differ materially from those
anticipated in these forward-looking statements. Although Shopify
believes that the assumptions underlying these forward-looking
statements are reasonable, they may prove to be incorrect, and readers
cannot be assured that actual events will be consistent with these
forward-looking statements. Actual events could differ materially from
those projected in the forward-looking statements as a result of
numerous factors, many of which are beyond Shopify’s control. The
forward-looking statements contained in this news release represent
Shopify’s expectations as of the date of this news release, or as of the
date they are otherwise stated to be made, and subsequent events may
cause these expectations to change. Shopify undertakes no obligation to
publicly update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as may be
required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161028005058/en/
Contacts:
Shopify Inc.
INVESTORS:
Katie Keita, 613-241-2828
Director,
Investor Relations
IR@shopify.com
or
MEDIA:
Sheryl
So, 416-238-6705 x 302
Public Relations Manager
press@shopify.com
Source: Shopify Inc.
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