FangDD Plans To Implement ADS Ratio Change
Portfolio Pulse from Benzinga Newsdesk
FangDD is planning to change the ratio of its American depositary shares (ADSs) representing its Class A ordinary shares. The ratio will change from one ADS representing 375 Class A ordinary shares to one ADS representing 5,625 Class A ordinary shares.
July 24, 2023 | 8:07 pm
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NEUTRAL IMPACT
FangDD's planned change in the ratio of its ADSs could impact the value of its shares. The change will significantly increase the number of Class A ordinary shares represented by one ADS.
The change in the ADS ratio means that each ADS will now represent a significantly larger number of Class A ordinary shares. This could potentially impact the value of the ADSs and, by extension, the value of the company's shares. However, the exact impact will depend on market reactions and other factors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100