Meta Data Changes ADS Ratio From 1 ADS Representing 2 Class A Shares To 1 ADS Representing 10 Class A Shares
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms, Inc. has announced a change in the ratio of its American Depositary Shares (ADS). The new ratio will be 1 ADS representing 10 Class A shares, instead of the previous 1 ADS representing 2 Class A shares.
July 19, 2024 | 8:07 pm
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Meta Platforms, Inc. has changed its ADS ratio from 1 ADS representing 2 Class A shares to 1 ADS representing 10 Class A shares. This change could impact the liquidity and trading volume of the ADS.
The change in ADS ratio could affect the liquidity and trading volume of Meta's ADS. However, the fundamental value of the shares remains unchanged, leading to a neutral short-term impact on the stock price.
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