Shopify shareholders give CEO 40% voting stake

Shopify shareholders give CEO 40% voting stake

​Shareholders of Shopify


The company, which in May reported its slowest quarterly revenue growth since going public in 2015, will also carry out a 10-for-one split of the company’s class A and class B shares after investors voted for it, the person familiar with the matter said.

Shopify announced the stock split in April, joining a growing list of companies that have split their shares to make them more attractive for investors.

Other stock split announcements this year came from e-commerce giant AmazonGoogleApple

U.S.-listed shares of Shopify were up 4.7% at $377.5.

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