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By TIME VideoMay 7, 2014 4:27 PM EDTSome top Hollywood stars, including Jay Leno and Ellen Degeneres, are boycotting area hotels connected to the Sultan of Brunei after he recently imposed Islamic Sharia law in the Southeast Asian country. The country newly announced laws in part allow adulterers an
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Traders work on the floor of the New York Stock Exchange.Andrew Burton鈥擥etty ImagesThese are independent reviews of the products mentioned, but TIME receives a commission when purchases are made through affiliate links at no additional cost to the purchaser.By Kia Kokalitcheva/FortuneMay 20, 2015 9:15 PM EDTShopify, the Canadian
asics e-commerce software company, priced its initial public offering at $17 per share late Wednesday, giving the company a valuation of $1.27 billion.It sold its 7.7 million shares, raising
air max a total of $131 million. It had proposed a range of $14 to 16, up from $12 to 14 earlier.Founded almost a decade ago in 2006, Shopify provides software tools for online retailers including storefronts, payment processing and apps for checkout. It competes with Bigcommerce and Magento, among others, and previously raised a total of $122 million in private funding.Shopify filed to go public in mid-April following at the heels of another hotly watched e-commerce IPO, New York-based Etsy [fortune-stock symbol=ETSY]. The filing also revealed that Shopify had, at the time, more than 162,000 merchant customers in 150 countries, yielding $105 million in revenue for the company last year.But despite that, Shopify been losing an increasing amount of money for the last three years. It posted a loss of $4.5 million for the first three months of 2015, and total deficit of $33.6 million amassed o
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