The company announced that effective May 12 it will reset the ratio between its Class A ordinary shares and its American depositary shares. Before, one ADS represented one Class A share; effective May 10, each ADS will represent one-tenth of a Class A share.
That sounds complicated, but what it means is that Baidu is splitting the U.S.-listed stock 10-for-1.
if Baidu is splitting…what about Google (GOOG)? Will they ever split?
(source: barrons)
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