Did Shopify's Highly Anticipated Stock Split Just Hit a Snag?

Stock splits have become all the rage again, fueled by a bull run that put the prices of some equities out of reach of many individual investors. One such stock is e-commerce platform provider Shopify (NYSE: SHOP).

After the stock's eye-popping run that saw it gain as much as 6,350% since its initial public offering in 2015, management announced plans for a 10-for-1 stock split. The measure, which requires an amendment to its articles of incorporation, will be voted on at the company's upcoming annual and special meeting of shareholders, scheduled for June 7.

However, one of the provisions is meeting resistance from the two largest shareholder advisory services, which raises the possibility that the measure might not pass muster with Shopify investors.

Source Fool.com