{"id":62476,"date":"2015-05-26T10:05:00","date_gmt":"2015-05-26T06:05:00","guid":{"rendered":"http:\/\/localhost\/?p=62476"},"modified":"2015-05-26T09:05:03","modified_gmt":"2015-05-27T05:05:03","slug":"shopift-toronto-stock-exchange-bell","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/shopift-toronto-stock-exchange-bell","title":{"rendered":"Shopify: ‘We Want to Build a Company for the Next 100 Years’"},"content":{"rendered":"

\"\"Shopify rung the bell at the Toronto Stock Exchange this morning.<\/p>\n

<\/p>\n

The now-public company raised $131 million, which valued it at $1.3 billion<\/a>. Now it’s up to the public markets to decide the Ottawa-based ecommerce platform’s value.<\/p>\n

While going public can often mean appealing to investors on a quarter-by-quarter basis, Shopify remains committed to the very long term.<\/p>\n

Harley Finkelstein, the company’s chief platform officer, told CBC News<\/a> that “we want to build a company for the next 100 years,” which is not common among Canadian companies, who often get acquired by larger US firms before ever approaching IPO territory.<\/p>\n

Shopify, which posted $105 million in revenue in 2014, is not profitable<\/a>.<\/p>\n

Named one of the most innovative companies in Canada<\/a>, Shopify won Employer of the Year in the 2014 Canadian Startup Awards<\/a>.<\/p>\n

Shopify now houses 140,000 stores, up from 80,000 in 2013. Those stores registered an impressive $3.7 billion in sales, up from $1.6 billion in 2013.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shopify rung the bell at the Toronto Stock Exchange this morning. The now-public company raised $131 million, which valued it at $1.3 billion. Now it’s up to the public markets to decide the Ottawa-based ecommerce platform’s value. While going public can often mean appealing to investors on a quarter-by-quarter basis, Shopify remains committed to the […]<\/p>\n","protected":false},"author":54503,"featured_media":62478,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-62476","magazine","type-magazine","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/62476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/54503"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/62476\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media\/62478"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=62476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=62476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=62476"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=62476"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=62476"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=62476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}