Dear Trader,
Please be informed that Alphabet (GOOG.NAS) has scheduled a 20-for-1 stock split for the 18th of July.
This means that common stock of GOOG.NAS will be trading at the split-adjusted price as of market open on the 18th of July onwards.
In essence, the number of shares will be multiplied by 20 whereas the price per stock will be divided by 20.
In regards to client trades, a client that has bought 1 share at the price of 2,200USD will now have 20 shares priced at 110 USD each after the split.
For more information, visit the following link, Alphabet Inc Financial Statement, under the heading ‘General FAQs’
Please do not hesitate to reach out to our customer support team with any questions or concerns you may have.
Kind Regards,
IC Markets Team
