Headquartered in Ottawa, Canada, Shopify powers over one million businesses in more than 175 countries and is trusted by brands such as Allbirds, Gymshark, PepsiCo, Staples and many more.This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws ("forward-looking statements"), including statements with regard to Shopify’s proposed use of proceeds from the Offering. The initial public offering price is currently expected to be between U.S.$12 and U.S.$14 per share. A copy of the prospectus related to the offering may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, by telephone: No securities regulatory authority has either approved or disapproved of the contents of this press release. Allocation of the proceeds of the Offering is subject to numerous factors, many of which are beyond Shopify’s control, including, without limitation, market conditions and the risk factors and other matters set forth in Shopify’s filings with the SEC and the securities commissions or similar securities regulatory authorities in each of the provinces and territories of Canada. Welcome back. By using our website, you agree to our Look professional and help customers connect with your businessFind a domain, explore stock images, and amplify your brandTransform an existing website or blog into an online storeLook professional and help customers connect with your businessFind a domain, explore stock images, and amplify your brandTransform an existing website or blog into an online storeMorgan Stanley, Credit Suisse and RBC Capital Markets are acting as joint book-running managers for the offering.

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Shopify undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. Shopify stock is expected to do its IPO in the range of $12.00 to $14.00 per share. By entering your email, you agree to receive marketing emails from Shopify. This Prospectus also contains the Vendor Offer (under which no funds will be raised) of 287,500,000 Shares and 131,250,000 Performance Rights. OTTAWA, ONTARIO — May 6, 2015 – Shopify Inc. ("Shopify") today announced that it expects to launch the roadshow for the initial public offering of its Class A subordinate voting shares on May 7, 2015.The initial public offering price is currently expected to be between U.S.$12 and U.S.$14 per share. A written prospectus may be obtained, when available, from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, by telephone: 866-718-1649, or by email: prospectus@morganstanley.com; Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, by telephone 800-221-1037, or by email: newyork.prospectus@credit-suisse.com; or RBC Dominion Securities Inc., Attention: Prospectus Department, Three World Financial Center, 200 Vesey Street 8th Floor, New York, NY 10281, or by telephone, 877-822-4089. This Prospectus also contains the Vendor Offer (under which no funds will be raised) of 287,500,000 Shares and 131,250,000 Performance Rights. OTTAWA, ONTARIO — May 6, 2015 – Shopify Inc. ("Shopify") today announced that it expects to launch the roadshow for the initial public offering of its Class A subordinate voting shares on May 7, 2015. The offering is for 7,700,000 Class A subordinate voting shares.

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