Fangdd Network Announces 16-for-1 Share Consolidation to Comply with Nasdaq Listing Rule

Fangdd Network has announced a 16-for-1 share consolidation to comply with Nasdaq's minimum bid price requirement. The consolidation will take effect on June 9, 2025, and will consolidate every 16 ordinary shares into 1 ordinary share with a par value of $0.009 per share. The company's Class A ordinary shares will begin trading on Nasdaq on June 9, 2025, under the ticker symbol "DUO."

SHENZHEN, China - Fangdd Network Group Ltd. (NASDAQ:DUO), a leading property technology company in China, has announced a significant restructuring plan involving a 16-for-1 share consolidation. This move is set to take effect on the morning of June 9, 2025, aiming to comply with Nasdaq's minimum bid price requirement [1].

The restructuring will see every 16 ordinary shares of the company, currently valued at $0.0005625 each, consolidated into a single share with a new par value of $0.009. Post-consolidation, the company's Class A ordinary shares will continue trading on Nasdaq under the ticker symbol DUO but with a new CUSIP number of G33147128 [1].

The share consolidation was approved by Fangdd’s board and its shareholders at an extraordinary general meeting on May 27, 2025. The company’s stock currently trades near its 52-week low of $0.19, significantly below its 52-week high of $4.67 [1].

According to InvestingPro analysis, the company maintains a healthy current ratio of 1.68 and trades at an attractive price-to-book ratio of 0.18, suggesting potential value opportunity. Prior to the consolidation, Fangdd had 62,472,674 issued and outstanding ordinary shares, which will be reduced to 3,904,565 shares post-restructuring [1].

Fangdd specializes in digitalizing real estate transactions, leveraging technologies such as mobile internet, cloud, big data, and artificial intelligence to transform the industry with a suite of SaaS tools and solutions [1].

The consolidation is part of Fangdd's strategic financial maneuvers and reflects the company's commitment to meeting regulatory requirements while maintaining its growth trajectory. In a separate development, DA Davidson analyst Wyatt Swanson has raised the price target for Fangdd Network to $410, up from $400, while maintaining a Buy rating on the company’s shares [1].

References:
[1] https://www.investing.com/news/company-news/fangdd-announces-upcoming-share-consolidation-to-meet-nasdaq-requirements-93CH-4080413