Shopify stock split

Shopify Inc. is proposing changes to its governance structure to preserve founder and CEO Tobi Lutke's voting power, while also proposing a 10-for-one split ...

The matter will face a vote on June 7. Those that took a peek likely noticed Shopify's stock has been more than halved over the last year. That ethos has extended to the stock price. In the event of a sunset of the founder share, Lutke will also convert his remaining class B shares into class A shares. "There's many companies in Canada that end up in the hands of children and other family members and there are studies that suggest that ... the more you bequeath to a family member, the less effective that family member becomes because they don't have the same experience and drive that the founder had." However, the founder share will sunset if Lutke no longer serves as an executive officer, board member or consultant whose primary job is with the company or if Lutke, his immediate family and his affiliates no longer hold a number of class A and class B shares equal to at least 30 per cent of the class B shares they currently hold.

Shopify shares were rising Monday after the e-commerce platform announced it was planning a 10-for-1 split of common stock. Shopify (ticker: SHOP) joins a ...

Shopify (ticker: SHOP) joins a growing list of companies seeking shareholder approval for a stock split in recent weeks, including Alphabet (GOOGL), Tesla (TSLA), and Amazon.com (AMZN). Shopify Joins Tesla, Amazon, and Alphabet in Proposing a Stock Split Shopify shares were rising Monday after the e-commerce platform announced it was planning a 10-for-1 split of common stock.

Shopify is planning a 10-for-1 stock split, while seeking shareholder approval for a "founder share" for its CEO Tobi Lutke to increase his voting power.

However, it doesn't change a company's underlying fundamentals or the intrinsic value of its shares. If approved, investors will receive nine additional Class A shares or Class B shares for every one share held after the close of business on June 28. The Ottawa-based company got a big boost over the last two years, as the firm helped small businesses quickly move operations online during the pandemic's forced shutdowns.

Shopify CEO Tobi Lutke. David Fitzgerald/Sportsfile via Getty Images. Key Facts. Shopify announced on Monday that its board of directors has approved a proposed ...

Shopify is the latest in a growing number of companies seeking a stock split this year. While Shopify has yet to see a major boost, stock splits historically have provided better share-price performance, data from Bank of America last month shows. While stock splits don’t do much to change a company’s market value, they do often lead to a short-term boost in share price.

Shares of Shopify Inc. undefined rallied 1.8% in premarket trading Monday, after the Canada-based e-commerce software company said it was planning for a...

That would be the first stock split since the company went public in May 2015. Shopify's stock has tumbled 56.2% year to date through Friday, while the S&P 500 The proposal and the split are pending shareholder approval at the annual meeting on June 7.