- Trade Desk Inc (NASDAQ: TTD) had announced that the Board of Directors approved and declared a ten-for-one split of The Trade Desk’s common stock in the form of a stock dividend. These are the details.
Trade Desk Inc (NASDAQ: TTD) had announced that the Board of Directors approved and declared a ten-for-one split of The Trade Desk’s common stock in the form of a stock dividend. Each stockholder of record on June 9, 2021, is going to receive 9 additional shares of common stock for each then-held share, to be distributed after close of trading yesterday. And trading will begin on a stock split-adjusted basis today.
“The Trade Desk has consistently delivered strong top line growth and GAAP profitability as a publicly traded company. In that time, we have emerged as the default demand side advertising platform for the open internet, and we continue to invest to build on that leadership position,” said Jeff Green, Co-Founder and CEO of The Trade Desk at the time of the announcement. “As a result, our share price has increased about 2,100% since our initial public offering in September of 2016. We are confident in our future growth prospects and our goal with this split is to make The Trade Desk stock more accessible to our employees and a broader base of investors.”
This stock split is the first in the company’s history as a publicly traded company. The Trade Desk’s Class A common stock had started trading publicly in 2016.
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