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Generally, yes. Most companies will go through splits long before that, turning every share outstanding into two or more shares (usually with half the value) on
by ashtonkem 6y ago
Generally, yes. Most companies will go through splits long before that, turning every share outstanding into two or more shares (usually with half the value) on a predetermined date. Having a very high stock price is actually kind of inconvenient, as it makes it hard for random day traders to afford.
- deleted 6y ago[deleted]
- throwaway2037 6y agoTo be clear: "random day traders" are retail with small balance. Institutional players absolutely do not care about stock price. It is notional (or delta) that matters. Samseong in Korea also had (has?) a huge stock price that used to cause issues.