Watch BNN Bloomberg live.Shares in Shopify are sure to be a big mover at least in volume terms on the TSX today as. The shares were up 14 per cent premarket after reporting that revenue increased 26 per cent, better than expected. The company gave a strong outlook for the rest of the year and analysts singled out that its free cash flow markets look especially positive.
. Filings yesterday show the company plans to sell more than 14 million shares on the TSX in a range of up to $23. That would raise more than $300 million, which, considering the chain is only selling 13 per cent of the company, means it is valuing itself at up to $2.3 billion. Andrew Lutfy is CEO and founder of the company that operates about 300 stores across Canada and the U.S.
The price of the world’s biggest cryptocurrency has gained more than 32 per cent since the election of Donald Trump a week ago, mostly on the assumption that his administration will be far more crypto friendly than previous ones. That’s good news for small HODLers, but it’s also good for some major Wall Street firms including MicroStrategy – ostensibly a software company but increasingly a pure play bet on crypto. The company, under the guidance of its red laser-eyed chairman Michael Saylor, has been gobbling up any bitcoin they can get their hands on for years now.
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