Description: Shopify, an Ottawa based company, sold 7.7 million shares at $17 apiece to raise $131 million in its initial public offering, smashing expectations. Shopify provides software for small businesses that helps them sell their products online. Today, more than 160,000 stores across 150 countries use Shopify.

Source: CBC

Date: May 26, 2015
Video Link: http://www.cbc.ca/player/News/Business/ID/2668021357/

Questions for Discussion:

1. Explain Shopify’s business model.
2. Discuss the strengths and weaknesses of its business model.
3. How does Shopify plan to expand its business?