These are the upcoming stock splits for the week of January 20 to January 24, based on TipRanks’ Stock Splits Calendar. A stock split is a corporate action in which the company issues additional common shares to increase the number of outstanding shares. Accordingly, the stock price of the company’s shares decreases, which maintains the market capitalization before and after the split.
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In contrast, there are also reverse stock splits that reduce the number of outstanding shares (consolidate). In this case, too, the market cap is maintained as the share price increases following the reverse stock split.
Companies often undertake stock splits to improve the liquidity of the common shares and make them more affordable for retail investors. Let’s look quickly at the upcoming stock splits for the week.
Grupo Financiero Galicia SA (GGAL) – Argentina-based Grupo Financiero Galicia SA is a financial services holding company that offers savings, credit, investment, insurance, consulting, and digital solutions to individuals and corporates. On January 19, GGAL announced a rights issue in connection with the 99.99% stake acquisition in HSBC Bank Argentina S.A. The company intends to raise roughly $95 million in gross proceeds. Shares are expected to start trading on a split-adjusted basis on January 21.
Boqii Holding Ltd. (BQ) – China-based Boqii Holding is engaged in providing pet care products from its e-commerce platform. Its products include pet foods, health products, pet grooming products, pet bathing products, pet toys, and fish tanks, among others. On January 10, Boqii announced a change in the ratio of its ADS (American Depositary Shares) to ordinary shares from one-to-15 to one-to-150. The change in the ADS ratio will have the same effect as a one-for-ten reverse ADS split. Effective January 21, shares will start trading on a split-adjusted basis.
Fingerprint Cards AB (FGRRF) – Sweden-based Fingerprint Cards AB engages in developing and offering biometric system solutions for tablets, smartphones, smart cards, IoT (internet of things), and automotive. Its solutions enable safe and convenient authentication and identification. On January 17, shareholders approved a rights issue of new shares of series B and warrants entitling subscription to series B shares. The record date for subscription to the rights issue is January 24. FGRRF seeks to raise gross proceeds of up to SEK 159.9 million from the issue.
111 Inc. (YI) – China-based 111 Inc. operates a digital pharmaceutical and health platform to conveniently connect patients with drugs and medical services. On January 8, YI announced a change in the ratio of its ADS (American Depositary Shares) to ordinary shares from one-to-two to one-to-20. The change in the ADS ratio will have the same effect as a one-for-ten reverse ADS split. Effective January 24, shares will start trading on a split-adjusted basis.
Genius Group Ltd. (GNS) – Singapore-based Genius Group Ltd. operates an AI (artificial intelligence)-powered online education platform with the aim of bringing together individuals, enterprises, and governments. The courses offered include K-12 education, accredited university courses, and skills-based courses for entrepreneurs. On January 14, Genius Group announced that its board of directors approved a rights issue of up to $33 million to be used solely for purchasing Bitcoin ($BTC-USD) for its Bitcoin Treasury. Shares are expected to start trading on an ex-rights basis on January 24.
To find more information about historical and upcoming stock splits, visit the TipRanks Stock Splits Calendar.
