Not exact matches
I bought my first
shares before the
split, when the stock was trading under $ 400 (
therefore, under $ 57 after the 1:7
split).
In the United States, lawyers are prohibited from
splitting legal fees with nonlawyers and
therefore banned from
sharing ownership of a law firm.
It is
therefore easy to see why hard forks are sometimes analogized to proportional stock dividends or stock
splits, in which each shareholder receives additional
shares on account of owning the original
shares.
Usually undertaken when a company's
shares rise to an undesirable value that is too high — and
therefore may dissuade smaller investors — stock
splits are a great way to create hype around a company and also encourage investment.