Commented but didn't get the c_老虎社区_美港股上老虎

2021-02-24

Commented but didn't get the coin

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The sale price was set approximately 5% below Shopify's closing price on Monday, and its shares fell in kind.</p><p>The e-commerce company expects to raise roughly $1.5 billion from the stock sale. Shopify intends to use the proceeds to bolster its balance sheet and fund its growth initiatives. The offering is expected to close on Feb. 25.</p><p><b>Now what</b></p><p>It will be interesting to see how Shopify deploys its newfound cash. E-commerce juggernaut&nbsp;<b>Amazon.com</b>(NASDAQ:AMZN)&nbsp;recently acquired Selz, a company that helps businesses launch their own online stores. The move suggests Amazon may be planning to compete more directly with Shopify.</p><p>Online store creation is an area that Amazon ceded to Shopify back in 2015. But after watching Shopify grow at a torrid clip since then, Amazon is likely regretting that decision.</p><p>Shopify may be raising capital as a pre-emptive move. 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