Netflix is set to gain more investors after announcing it will split its stock
Netflix is pressing ahead with its ambitious international expansion by splitting its stock to make it more attractive to retail investors.
The 7-for-1 stock split will mean investors will receive seven shares for each one they own. When the split occurs on July 14, Netflix’s stock will fall sharply to account for the extra shares, however the company’s market value, which stands at around $41 billion, won’t be affected.
The move is designed to make Netflix’s shares, which currently cost $680 a share, more accessible to a wider range of investors. Shares have been among the market’s most valuable and have nearly Read full story ›
Source: The Drum
