VC-backed Shopify sets IPO pricing terms

Canada-based Shopify Inc, a commerce platform for small and medium-sized businesses, has priced its IPO of 7.7 million shares at between $12 and $14 per share. The company will list the stock on the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbols “SHOP” and “SH” respectively. Morgan Stanley, Credit Suisse and RBC Capital Markets are serving as the lead underwriters. Shopify’s backers include OMERS Ventures, Insight Venture Partners, Bessemer Venture Partners, FirstMark Capital, Georgian Partners and Felicis Ventures.

GTCR closes Fundtech sale

GTCR said Friday it closed its sale of portfolio company, Fundtech, to DH Corp. The deal was valued at about $1.25 billion New York-based Fundtech provides software that facilitates payment processing, cash management, and financial messaging products for financial institutions and corporate customers. Barclays and RBC Capital Markets LLC advised Fundtech.

Reuters – RIM Considers Splitting Business

BlackBerry maker Research in Motion is considering splitting its business in two, separating its struggling handset manufacturing division from its messaging network, The Sunday Times reported, writes Reuters. RIM last month said it had hired JP Morgan and RBC Capital to look at its strategic options. (Reuters) – BlackBerry maker Research in Motion is considering […]

RBC Capital Markets Staffs Up

RBC Capital Markets announced three new hires: Frank Napolitano to lead a new U.S. power and utilities group, Kevin Smith to lead U.S. industrials and Ron Eliasek to co-head U.S. technology investment banking. Napolitano previously was with Lehman Brothers, Smith was with Silverfern Group and Eliasek was at Sagent Advisors.

RBC Names Head of Australian I-Banking

RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada, has appointed Richard Barker as Head of Global Investment Banking, Australia, based in RBC’s Sydney office. Barker joins RBC Capital Markets with more than 20 years’ investment banking and corporate advisory experience, including 10 years at NM Rothschild & Sons (Australia) […]

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