Dear Valued Client,
Please be advised of the upcoming SHOPIFY INC – CLASS A (SHOP) stock split that is going to take place as per the following schedule:
• Ex-Date: June 29th, 2022 (GMT+3, MT4/MT5 server time). Common shares will trade at the new split-adjusted price.
The primary motive is to make the shares more affordable to small investors even though the underlying value of the company has not changed. Shopify would like its stock to be more accessible to a broader base of investors.
Important notes of the Shopify Stock Split
• The number of shares of each client’s position will multiply by 10.
• Post-split, the open price of each position will be adjusted, which will be the original price divided by 10.
• All pending orders at the time of the split (Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit and Sell Stop Limit) will be deleted.
Please note that:
• The following orders for Shopify shares will be deleted due to the stock split:
Live Account: Pending orders (At time of stock split)
Demo Account: All open and pending orders
• All settings of Stop Loss and Take Profit on Live account Shopify open position will be ADJUSTED to the original setting price divided by 10.
Investor current has an open BUY position of 100 shares at the price of 2,400 USD with a Take Profit (TP) of 2,440 USD.
After the Stock split of 10 for 1: (Adjustment done would be as follows)
Position Price: 240 USD (2,400 USD/10)
Take Profit (TP): 244 USD (2,440 USD/10)