Zinger Key Points
- 17 Education implemented a change of the ratio of its American Depositary Shares (ADSs) to its Class A ordinary shares.
- For ADS holders, this change mirrors a one-for-five reverse ADS split.
- Feel unsure about the market’s next move? Copy trade alerts from Matt Maley—a Wall Street veteran who consistently finds profits in volatile markets. Claim your 7-day free trial now.
17 Education & Technology Group Inc YQ shares are trading lower at $1.56 following a change of the ratio of its American Depositary Shares (ADSs) to its Class A ordinary shares.
The former ratio of 1 ADS to 10 Class A ordinary shares shifted to a new ratio of 1 ADS to 50 Class A ordinary shares around December 18, 2023.
For ADS holders, this change mirrors a one-for-five reverse ADS split, where every 5 ADSs held will be exchanged for 1 new ADS.
No fractional new ADSs will be issued; instead, fractional entitlements will be sold, and the resulting cash proceeds (after deductions) will be given to applicable ADS holders.
See Also: Why U.S. Steel Shares Are Soaring Today
According to data from Benzinga Pro, YQ has a 52-week high of $11.85 and a 52-week low of $1.65.
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
