Shopify shares dip 3.5% after it announces secondary stock offering of 5.5M shares at $91, raising $500.5M (Reinhardt Krause/Investor’s Business …)

Reinhardt Krause / Investor’s Business Daily:

Shopify shares dip 3.5% after it announces secondary stock offering of 5.5M shares at $91, raising $500.5M  —  E-commerce platform provider Shopify (SHOP) could be a buyer as opposed to takeover bait for the likes Adobe Systems (ADBE), Amazon.com (AMZN) or eBay (EBAY) following its surprise $490 million stock offering.

Source: http://www.techmeme.com

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