UPDATE 2-Canadian software maker Shopify valued at $2 bln in U.S. debut

Thu May 21, 2015 1:35pm EDT
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* Company raises $131 mln in IPO of 7.7 mln shares

* Shopify also debuts on Toronto Stock Exchange

* Stock priced at $17, above expected range of $14-$16

* U.S.-listed shares rise as much 69 pct (Adds CEO, analyst comments; updates shares)

By Neha Dimri

May 21 (Reuters) - Canadian e-commerce software maker Shopify Inc's shares rose as much as 69 percent in their U.S. debut, valuing the company at about $2.14 billion.

Shopify, which also debuted on the Toronto Stock Exchange on Thursday, is the first Canadian company to be listed on a U.S. exchange this year.

Several Canadian technology companies are planning to go public as optimism about tech startups boosts valuations and spurs early investors to cash out.

Four Canadian companies listed in the United States last year, with their IPOs raising about $517 million, according to Thomson Reuters data.   Continued...