- Fangdd Network Group (NASDAQ:DUO) has announced a 1-for-15 reverse split of American Depository Shares (ADS).
- 1 ADS represents 25 Class A common shares which means post-split 1 ADS will represent 375 Class A common shares.
- The effect of the ratio change on the ADS trading price on Nasdaq is expected to take place at the open of trading on June 7, 2022.
- Stock is down 11% in premarket trading.
- Earlier (May 18): Fangdd Network's chairman steps down