Shopify Stock (NYSE: SHOP) has shown excellent growth. The company launched in 2004. Shopify went public on May 21, 2015, and in its debut on the New York Stock Exchange, started trading at $28. The stock is now at $418.65 CAD on Oct 9, 2019.

E-commerce creates many online sales. Merchants need a platform for online selling such as Amazon and eBay. Now, a third player, Shopify, has become recently a fast growing company. This is a Canadian e-commerce platform that enables people to build their own online stores.

Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. The company reported that it had more than 800,000 businesses in about 175 countries using its platform as of December 31, 2018. The total gross merchandise volume exceeded $41.1 billion for 2018.