Shopify tops every one of the last 50 U.S. IPOs
I’m sure that Tobi Lutke and his gang would be almost embarrassed, but Shopify (SH:TWX) is currently the best performing IPO of the last 50 that have been launched on either of the NYSE or NASDAQ. The list dates back to late April and the NASDAQ backdrop has been excellent for growth stories — nothing like hitting 15 year market highs. Of the 50 tracked by Renaissance, 14 are underwater. Of the winners, Shopify has gained the most: 105% as of today’s close.
More than Fitbit (83%), more than Glaukos (73%), more than David’s Tea (20%).
Speaks to what a stellar thing the folks have going on in Ottawa. Nice to see that the world has figured it out, too.
(disclosure: I own SH)