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Shopify

RBC claims small piece of Shopifys underwriting bounty as Wall Street banks dominate [Video]

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A person enters the Shopify office in Toronto on Feb. 12, 2020.

Chris Donovan/The Globe and Mail

Royal Bank of Canada landed a minor role, and a small share of the financial benefit, in Shopify Inc.’s $2-billion capital raise this week – a deal dominated by Wall Street banks.

Goldman Sachs and Citigroup co-led the Canadian technology giant’s two offerings and stand to earn more than 80 per cent of the combined US$27.3-million in discounts and commissions, with Credit Suisse claiming most of the rest. Shopify raised US$800-million in convertible senior notes and sold 1.1 million subordinate voting shares at US$900 apiece for gross proceeds of US$1.79-billion.

According to regulatory documents filed Thursday, RBC, which was added late as a co-manager on the deal, was only allocated US$32-million of the debt instruments and 47,143 of the shares to distribute to clients. That means it stands to earn about 4 per cent of the commissions, or …

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Shopify

How To Remove "Powered By Shopify" Link From Your Store Footer (2020) – site forum [Video]

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Shopify

What is Shopify? what are its features, pros and cons and what to look out for before jumping on this platform? In this video, I have also touched upon 1) Shopify ...