May 11, 2015
Shopify, an e-commerce software company based in Ottawa, Ontario, revealed last Wednesday in a new SEC filing that it is aiming to raise upwards of $107.8 million through its IPO with shares pricing between $12 and $14 each.
Upon the offering, Co-Founder, Chairman of the Board, and Chief Executive Officer Tobias Lütke is expected to own 14.62% of the company, which is valued at $126,779,793 based upon the price range midpoint of $13.
Baozun, another e-commerce company with headquarters in Shanghai, is looking to raise $154 million through its IPO with American Depository Shares pricing between $12 and $14 as well. Following the offering, Chief Executive Officer Vincent Wenbin Qiu stands to own about 8% of the company with over $120 million in common stock and over 2.5 million outstanding options.
Shopify and Baozun continue the pattern of notable e-commerce IPOs over the last year, though they are still dwarfed by the IPO of e-commerce giant Alibaba, which raised a record $25 billion last September. Alibaba’s shares closed at $86.72 on Monday, representing an increase of 27.5% from its IPO price of $68.
Read a related IPO analysis on Executive Compensation and Governance Considerations in the Initial Public Offering.