Google stock is undergoing a 1:20 split later this year.
If I now buy a 1/20 fraction of Google stock, then this a sort of “paper contract” between bux0 and…? to entitle my to own 1/20 of Google stock. And I will share one full stock with 19 others.
When Google does the actual 1:20 stock split, will this “fractional paper contract” be converted a “real” stock?
I saw a similar post but about a fractional share in general.
There is no answer from Bux as far as I can see and it is a question from March 2021.
How to solve this? We tag @Fergus
Hi @stefanooo if you buy 0,05 before the stock split you will get 1 Google share in return after the stock split.
Thanks for your awnser @Fergus