by KUNAL KASHYAP
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Shopify shares is rising on Monday right after the e-commerce platform announced it was planning a 10-for-1 split of common stock.
plan is subject to the approval of at least two-third of shareholders at the company’s shareholders meeting on June 7
Shopify also is proposing to authorise and issue a new class of share, the Founder share, to CEO Tobi Lütke
And provide him with a variable number of notes that when combined with his Class B shares and those owned by his immediate family and affiliates will represent 40% of the total voting power.
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