Shopify Closes $1.56 Billion Public Equity Offering

Paul, Weiss represented the underwriters in Shopify Inc.’s $1.56 billion public offering of 1,180,000 Class A subordinate voting shares at a price of $1,315 per share.

The underwriters were led by Citigroup, Credit Suisse and Goldman Sachs & Co. LLC as book-running managers. Shopify, a leading global e-commerce company, intends to use the proceeds to strengthen its balance sheet, providing flexibility to fund its growth strategies.

The Paul, Weiss team included corporate partner Christopher Cummings and counsel Christian Kurtz; tax partner David Mayo; and intellectual property partner Jonathan Ashtor.