Canada Tech Firm Shopify Fuels US Move Fear With Filing Change

E-commerce platform Shopify Inc. listed a New York headquarters in a US regulatory filing for the first time, stoking speculation about a US move amid anxiety in Canada about capital flight south of the border.

The Ottawa-founded company filed a 10-K annual report on Feb. 11 to the US Securities and Exchange Commission that mentions New York as a “principal executive office” alongside its Canadian address.

Shopify filed the domestic issuer 10-K instead of the foreign issuer 40-F form, analysts at TD Securities Inc. said in a note. They highlighted that the form contains a US employer identification number, a ...