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Video: What is a Stock Split?
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Fangdd Network Group is an investment holding company. Through its consolidated subsidiaries, variables interest entity and variables interest entity's subsidiaries, Co. is principally engaged in the provision of real estate information services through its online platform which also provides integrated marketing services for individual customers, real estate developers and agents in China. Co. provides agencies and agents foundational management systems and tools for their online operation, including its primary management system, online shop functionalities, agent verification system, agent ranking system, real estate information solutions and other online sales and marketing solutions. According to our Fangdd Network Group stock split history records, Fangdd Network Group has had 2 splits. | |
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Fangdd Network Group (DUO) has 2 splits in our Fangdd Network Group stock split history database. The first split for DUO took place on June 07, 2022. This was a 1 for 15 reverse split, meaning for each 15 shares of DUO owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split. DUO's second split took place on August 04, 2023. This was a 1 for 15 reverse split, meaning for each 15 shares of DUO owned pre-split, the shareholder now owned 1 share. For example, a 66.6666666666667 share position pre-split, became a 4.44444444444444 share position following the split.
When a company such as Fangdd Network Group conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the Fangdd Network Group stock split history from start to finish, an original position size of 1000 shares would have turned into 4.44444444444444 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Fangdd Network Group shares, starting with a $10,000 purchase of DUO, presented on a split-history-adjusted basis factoring in the complete Fangdd Network Group stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/04/2019 |
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End date: |
04/24/2024 |
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Start price/share: |
$2,927.25 |
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End price/share: |
$0.39 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.99% |
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Average Annual Total Return: |
-86.42% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$1.33 |
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Years: |
4.47 |
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Date |
Ratio |
06/07/2022 | 1 for 15 | 08/04/2023 | 1 for 15 |
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