Page 27 - Reverse Stock Split News Today : Breaking News, Live Updates & Top Stories | Vimarsana

WeWork announced that it plans to move forward with a 1-for-40 reverse stock split to remain traded on the New York Stock Exchange, the coworking company announced Friday. The move — which will turn every 40 shares held by an investor into a single one — will help boost the beleaguered coworking company’s stock value after the NYSE warned WeWork in April it could be delisted since its shares fell below $1 for more than a month. WeWork’s shares dropped nearly 13 percent from Thursday’s closing price and were at 13 cents a share Friday morning.

Once valued at $40 billion on the private market, WeWork is now desperate to keep its NYSE listing by trying to push its stock price back above $1.

WeWork to Undergo Reverse Stock Split in Effort to Prevent Delisting WeWork, the office-sharing company once valued at $47 billion, announced on Friday

Once valued at $40 billion on the private market, WeWork is now desperate to keep its NYSE listing by trying to push its stock price back above $1.

Once valued at $40 billion on the private market, WeWork is now desperate to keep its NYSE listing by trying to push its stock price back above $1.