The world’s largest online retailer Amazon.com Inc. has announced a 20-to-1 stock split.

According to the company’s announcement, shareholders will receive 19 shares in addition to each Amazon paper they own.

The company has also launched a share repurchase program of up to $10 billion.

The stock split does not necessarily change the value of the company, but as an Amazon spokesperson noted, the stock price adjusted as a result of the split will make the securities more accessible to potential investors and give employees more flexibility in managing their stakes in the company.

And based on Wednesday’s closing price of $2785.58, Amazon’s share price will be $139.28 after the split.

The stock split will affect shareholders of record as of June 3. Trading in the securities at the new price will begin on June 6.

Earlier Amazon has already resorted to stock split. For the first time such a measure was taken in June 1998 at the rate of 2 to 1. Then the company conducted a split at a rate of 3 to 1 in January 1999 and 2 to 1 in September of the same year.

Amazon’s stock price rose 6.6% after the announcement of the split in additional trading in New York on Wednesday.