LightInTheBox (LITB) has released an update.
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LightInTheBox, a global apparel e-commerce retailer, has announced a change in the ratio of its American depositary shares (ADSs), resulting in a one-for-six reverse ADS split effective September 5, 2024. This adjustment means that for every six ADSs currently held, shareholders will receive one new ADS post-change, with the aim to proportionately increase the trading price of its ADSs on the New York Stock Exchange.
For further insights into LITB stock, check out TipRanks’ Stock Analysis page.