DBV Technologies Announces Plan to Implement ADS Ratio Change
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DBV Technologies plans to change the ratio of its American Depositary Shares (ADS) from 1:1 to 1:5, effective around November 29, 2024. This change could impact the trading price and liquidity of DBVT shares on the Nasdaq.
November 11, 2024 | 9:45 pm
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DBV Technologies is changing its ADS ratio from 1:1 to 1:5, which may affect the stock's trading price and liquidity on the Nasdaq.
The change in ADS ratio from 1:1 to 1:5 means each ADS will now represent five ordinary shares instead of one. This could lead to a higher trading price per ADS, but the overall market capitalization remains unchanged. The change might affect liquidity as fewer ADSs will be available for the same number of ordinary shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100