LightInTheBox to Change ADS Ratio from 1:2 to 1:12, Effective September 5
Portfolio Pulse from Benzinga Newsdesk
LightInTheBox Holding Co., Ltd. (NYSE:LITB) announced a change in its ADS ratio from 1:2 to 1:12, effective September 5, 2024. This adjustment will increase the number of ordinary shares represented by each ADS.
August 27, 2024 | 10:08 am
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LightInTheBox is changing its ADS ratio from 1:2 to 1:12, effective September 5, 2024. This change will increase the number of ordinary shares per ADS, potentially impacting the stock's liquidity and price.
The change in ADS ratio from 1:2 to 1:12 means each ADS will now represent more ordinary shares. This could affect the stock's liquidity and price, as the market adjusts to the new ratio. However, the fundamental value of the company remains unchanged, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100