Shopify announces 10-for-1 stock split, proposes founder share for CEO


FILE PHOTO: The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, September 28, 2018. REUTERS/Chris Wattie/File Photo

(Reuters) -Canadian e-commerce giant Shopify Inc on Monday announced a 10-for-1 split of its class A and class B stock, joining a growing list of companies that have split their shares to make them more attractive for investors.

Shopify would also seek shareholder approval to authorize and issue a new class of shares, called the Founder share, to Tobi Lutke, its chief executive officer and founder.

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