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    Hootsuite, a provider of software to manage social media on a global scale and one of Canada's most valuable tech startups, hinted on Thursday it may move up its timeline on a initial public offering in light of the success of fellow Canadian startup Shopify.

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    Shares of Shopify (SHOP) soared almost 50% in their trading debut Thursday afternoon after the Canadian e-commerce and software company priced its initial public offering ahead of its anticipated range. Read more from:

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    Shares of burger chain Shake Shack Inc. (SHAK) hit a record of $89.55 early Thursday, after a report that the company is mulling opening a "chicken shack". CNBC reported that a unit of the company called SSE IP has filed a trademark application for "chicken shack", which it said would sell chicken sandwiches. Shake Shack (SHAK) shares have risen sharply since the company's initial public offering in January, which priced at $21 a share.

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    * Company raises $131 mln in IPO of 7.7 mln shares. * Shopify (SHOP) also debuts on Toronto Stock Exchange. * Stock priced at $17, above expected range of $14-$16. * U.S.-listed shares rise as much 69 pct. By Neha Dimri. Canadian e-commerce software maker Shopify Inc's (SHOP) shares rose as much as 69 percent in their U.S. debut, valuing the company at about $2.14 billion.

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    BEIJING--A Chinese e-commerce services firm backed by Alibaba Group (BABA) raised a lower-than-expected $110 million in a New York initial public offering on Thursday, in a potential sign of skepticism from U.S. investors about Chinese Internet stocks. The offering marks only the second in the U.S. by a Chinese company this year after last year's boom, which included Alibaba Group Holding Ltd.' s blockbuster $25 billion offering. Bankers said the slowdown reflects the rising amount...

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    Etsy's (ETSY) stock had worst one-day decline since IPO on Wednesday. Etsy Inc. (ETSY) may have an inspiring commitment to social good, as its designation as a B Corporation suggests, but its decision to go public is turning into a sticky mess. Shares of Etsy (ETSY), which operates an e-commerce site comprised largely of hand-crafted goods, have fallen 42% in the five weeks since its IPO, with nearly half of that-- 18%-- occurring on Wednesday, the day after the company reported a worse-than-expected...

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    Shares of China's Baozun Inc, in which Alibaba (BABA) holds a nearly 20 percent stake, traded erratically in their debut on Thursday, sending the e-commerce services company's valuation seesawing. The company's American Depository Shares touched a high of $11.28, valuing it at $548.3 million, before reversing course all the way down to $9.23 per ADS.

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    For small companies looking to raise money, going public is becoming a more attractive option.When Arlington-based health IT company Evolent Health filed for an initial public offering of stock this month, it became the sixth Washington company to do so in 2015. Nationally, more than 270 U.S. companies made their public debuts last year, the highest amount since 2000, according to a report by research firm Renaissance Capital.Industry watchers say a booming stock market — major indices are hovering near all-time highs — and a recovering economy have made this a favorable time for companies to take the plunge. Many are also taking advantage of the 2012 Jumpstart Our Business Startups (JOBS) Act, a federal law designed to make it easier for small businesses to raise capital.The biotechnology industry in particular is seeing renewed interest. There were 71 biotech IPOs last year, a 92 percent increase from 2013, according to the Renaissance report.“The surge has been fueled by new methods of drug discovery, a streamlined Federal Drug Administration approval process, a large amount of dedicated venture capital and higher risk tolerance among investors,” the report said.Public financing is a good fit for the biotech industry because companies need heavy upfront investments to fund basic research and development, said Charles Crain, senior manager of tax and financial services policy at the Biotechnology Industry Organization, a national trade group.In the Washington area, that trend has been concentrated in Maryland’s Montgomery County, where many biotech companies are based.“It’s been an incredible time,” said Rachel King, chief executive of Gaithersburg-based GlycoMimetics (GLYC). The company works on treatments for blood diseases and raised $56 million on its Nasdaq debut last year after more than a decade as a private company.The right time to court investors is when a company achieves research milestones, said King, which many have notched up in the past few years. The JOBS Act also made it easier for GlycoMimetics (GLYC) to take the leap, she said.The act was designed to spur job creation by reducing the regulatory burden on small businesses that need to raise money. The law instructed the SEC to draw up rules for crowdfunding and its relaxed regulations on stock offerings. The law includes provisions to allow firms to file confidentially with the Securities and Exchange Commission, have multiple meetings with investors to pitch their wares and enjoy certain exemptions during their first five years as publicly traded companies. Although the crowdfunding rules are still in development, the stock guidelines have led to a sudden boost in public filings, analysts say.Biotech isn’t the only Washington area industry reaping the benefits of stock market highs. The shakeup in government contracting circles, as companies reposition themselves for an era of tighter federal budgets, has led some refugees to create new companies. Many are likely to turn to public funding as an option to help their young firms grow, said Stephen Fuller, an economist at George Mason University’s Center for Regional Analysis.“The cutbacks in federal spending helped propel people who had entrepreneurial skills into other opportunities by necessity,” he said.It’s not just small companies. Many now think government spending cuts have bottomed out, which is why stock market valuations for defense companies are above average and higher than they’ve been over the last five years, said Robert Kipps, managing director of Kipps DeSanto, a McLean aerospace-defense investment bank.That has some firms looking to the future.McLean-based Alion Science and Technology, which performs science and engineering work for the Pentagon, recently filed to go public and hopes to raise $100 million in its debut.




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    Shopify Inc. (SHOP) shares surged 50% on their first day of trade Thursday, climbing above $25 from their initial public offering price of $17. The company, which makes software to power online sales for retailers, sold 7.7 million shares to raise about $131 million. Morgan Stanley, Credit Suisse and RBC Capital Markets were joint book-runners on the deal, with Pacific Crest Securities, Raymond James and Canaccord Genuity acting as co-managers. The Ottawa, Canada-based company listed...

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    Shares of China's Baozun Inc, nearly one-fifth-owned by Alibaba (BABA), rose as much as 13 percent in their debut on Thursday, valuing the e-commerce services company at up to $548.3 million. The company provides website design, digital marketing and logistics services for retailers and brands hopping onto China's e-commerce bandwagon.

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    Shares of Shopify Inc (SHOP), a Canadian e-commerce software maker, rose as much as 69 percent in their trading debut on the New York Stock Exchange, valuing the company at up to $2.14 billion. The company's initial public offering of 7.7 million class A subordinate shares raised about $131 million, after it was priced at $17, above the top end of the expected range of $14-$16.

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    The following are the top stories from selected Canadian newspapers. THE GLOBE AND MAIL. ** Shopify Inc (SHOP) has raised C$131 million in its initial public offering, pricing the shares above an increased range as investors clamored for stock in the provider of software for small businesses.

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    Canada's Manulife Financial Corp (MFC) is seeking to list some of its U.S. property assets in Singapore in the second half of the year in an initial public offering worth $450 million, two people familiar with the deal said. The listing would use the real estate investment trust structure, they said, declining to be identified as the deal has not been formally announced.

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    David Steinberg isn't coy about his company's future.He asserts that Zeta Interactive's recent growth and large and client list make the firm a logical candidate for an IPO.

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    Canadian e-commerce software maker Shopify Inc said its U.S. initial public offering was priced at $17 per share, valuing the company at about $1.27 billion. The company's IPO of 7.7 million class A subordinate shares raised about $131 million, after it was priced above the top end of the expected range of $14-$16. The company sold all the shares in the offering.

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    Canadian e-commerce software maker Shopify Inc said its U.S. initial public offering was priced at $17 per share, valuing the company at about $1.27 billion. The company's IPO of 7.7 million class A subordinate shares raised about $131 million, after it was priced above the top end of the expected range of $14-$16. The company sold all the shares in the offering.

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    Shares of Black Knight Financial Services Inc (BKFS), a provider of software and services to the mortgage industry, rose as much as 9.2 percent in their market debut on Wednesday, valuing the company at about $4 billion. Black Knight raised about $441 million after its IPO was priced at $24.50 per share, near the top end of the expected range of $22-$25.