Burning Rock Biotech To Adjust ADS To Ordinary Share Ratio Effective May 15
Portfolio Pulse from Benzinga Newsdesk
Burning Rock Biotech announced an adjustment in the ratio of its American depositary shares (ADS) to Class A ordinary shares, effective May 15. The new ratio will be one ADS representing ten Class A ordinary shares, a change from the current one-to-one ratio.
April 26, 2024 | 7:39 am
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Burning Rock Biotech's ADS to Class A share ratio adjustment could lead to short-term volatility as investors adjust to the new ratio.
Adjustments in ADS to share ratios often lead to short-term market volatility as investors and the market adjust to the new terms. While this doesn't change the fundamental value of the company, the perception and logistical changes in trading could cause fluctuations in the stock price.
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