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Thndr Claps » U.S. Claps » NYSE 🔔 » Shopify stock could get a discount🈹

Shopify stock could get a discount🈹

by Shams Abbas
April 11, 2022

The Clap
Shopify (NYSE: SHOP) announced a 10-for-1 stock split.

The deets
Shopify’s board proposed a 10-for-1 stock split, subject to the approval of shareholders. The company announced that both its Class A & Class B shares would be split, as well as the issuance of new founder shares to its founder Tobi Lutke.

Claps Class
There are several differences between Class A & B shares:

  • Class A shares generally carry more voting power
  • Class A shares are higher in payment priority in case of company liquidation
  • Class B shares can be issued in the case that Class A shares are too expensive for some investors

On the other hand, founder shares are shares issued to the founder of a company at par value, & can only be exercised (taken advantage of) on a prespecified date.

Why this matters
Shopify is the latest to propose a stock split, after Amazon, Google, Tesla, & GameStop all recently announced stock splits. The stock split would see Shopify’s share price go from around $600 (last closing price)  to around $60. 

The founder shares would also mean that Lutke would get to keep a total voting power of 40% even after the stock split.

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