Here is the upcoming stock split for the week of February 24 to February 28 in the Australian market. For additional details on stock splits in the UK and US markets, visit TipRanks’ Stock Splits Calendar.
A stock split is a financial move when a company issues more shares to its existing shareholders while reducing the price per share. Consequently, the total value of the investment remains the same for a shareholder. Similarly, the overall market capitalization of the company remains the same both before and after the split.
The primary purpose of a stock split is to enhance liquidity and make the stock more affordable for investors.
On the other hand, in a reverse stock split, a company reduces the total number of outstanding shares by consolidating them. Despite this reduction, the company’s market capitalization remains unchanged because the share price increases proportionally to balance the consolidation. It is also known as stock consolidation and is often used to boost the stock price, which can help meet listing requirements or improve the stock’s perception in the market.
Let’s take a quick look at the upcoming stock split in Australia for this week.
Antipa Minerals Limited (AU:AZY) – Antipa Minerals is an exploration company focused on high-quality mineral deposits in Western Australia. In December, the company announced a one-for-10 reverse stock split. AZY stock is expected to start trading on a split-adjusted basis on February 25.
To learn more about historical and upcoming stock splits in different markets, visit the TipRanks Stock Splits Calendar.