Canada’s Shopify announces 10-for-1 stock split
Shopify said each shareholder, as of June 22, would receive nine more shares on June 28 for each share held. The company also said it would authorize a new class of shares, called the Founder share, to Tobi Lutke, its chief executive officer and founder. The Founder share will provide Lutke with a variable number of votes and combined with his previously owned shares from other classes, will represent 40% of the total voting power attached to all of Shopify’s outstanding shares.
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