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.
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.
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.