Ottawa-based Shopify Inc surges 51% in trading debut, valuing company at nearly US$2 billion

05/21/2015, The Financial Post - Shopify Inc. jumped in its trading debut, after the company raised a larger than expected US$131 million in its initial public offering.

Shopify rose 51 percent to $25.68 in New York Trading, after the shares were sold for $17 each. The stock is also listed in Toronto.

The stock rose to a high of $35.03 on the Toronto Stock Exchange. It opened at US$28 on the NYSE and touched a high of US$28.70.

Shares of the company closed at $31.25 on the TSX.

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