The Caisse de dépôt et placement du Québec owned 479,000 shares of the Ottawa-based e-commerce company at the end of March, up from 155,567 at the end of last year and none at the end of September 2020. The pension fund told La Presse it does not comment on its active-management investment strategy. (La Presse)
Skip to content
The Caisse de dépôt et placement du Québec owned 479,000 shares of the Ottawa-based e-commerce company at the end of March, up from 155,567 at the end of last year and none at the end of September 2020. The pension fund told La Presse it does not comment on its active-management investment strategy. (La Presse)
Talking point: At Friday’s opening price of $1,473.99, the stake in Shopify is worth just over $706 million. The Caisse has been an active backer of other Canadian tech firms that facilitate commerce in both the private and public markets. It led point-of-sale company Lightspeed’s Series D round in October 2017, and retains a sizable position, which was worth US$1.53 billion as of March 31. It also funded Nuvei, participating in the payment firm’s December 2019 US$270-million equity round.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Commentary
Carmichael: The age-old trade problem Carney’s trying to solve with food
Briefing
GFL stock jumps on report of takeover interest
McKinsey to challenge internal leaders on AI plans under new leadership structure
Lobby group can participate in crypto miners’ lawsuits against Hydro-Québec, judge rules
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
