BUZZ-Shopify Inc: Worst day in more than 1-1/2 month

Tue Aug 16, 2016 10:34am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Canadian e-commerce software maker's shares down 3.9 pct at C$48.45; U.S.-listed shares down 3.8 pct at $37.60

** Both stocks fall more than 5 pct, their biggest intra-day percentage fall in more than 1-1/2 month

** Company said on Monday it would offer 5 mln class A subordinate shares, selling shareholders to offer 2.5 mln shares

** Total offering of 7.5 mln shares represents 9.2 pct of Shopify's outstanding shares as of July 28

** Up to Monday's close, company's Toronto-listed stock had risen nearly 42 pct this year, while its U.S.-listed stock was up nearly 52 pct