Opinion certainty 3/5 debate potential 3/5

McKay: Shopify would probably offer the lowest valuation in an acquisition

Hamish McKay · Why Every Checkout Will Have This in 5 Years · Jul 18, 2025 · at 4:43

Hamish McKay is the co-founder and CEO of Order Editing. He explains the negotiation leverage platforms have over ecosystem app developers during M&A.

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“But if we get to a buying circle, right, and we've engaged 20 vendors that are interested in acquiring this, and maybe there's a couple PE firms in there, I feel like I could almost guarantee that Shopify would probably give the worst valuation out of all of them.”

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