Even post the rally, Shopify valuation multiples do appear reasonable versus historical levels, with the stock trading at 12x projected 2023 revenues, down from a range of 20x to 40x seen between ...

Item 1 of 2 The Shopify logo is seen in this handout image acquired by Reuters on June 22, 2022. Shopify/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES.