When a company such as IPAS conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the IPAS split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into IPAS shares, starting with a $10,000 purchase of IPAS, presented on a split-history-adjusted basis factoring in the complete IPAS split history.

About IPAS

iPass is a provider of mobile connectivity, providing Wi-Fi access on any mobile device. Co.'s three primary assets consist of: its Technology Platform, which is a cloud-based service manager that connects users and devices to its Wi-Fi footprint; its Back-end Infrastructure, which consists of integrated servers, cloud-based virtualized assets, and software that is interconnected with commercial networks; and its Wi-Fi Network. As of Dec 31 2017, Co. had a Wi-Fi network footprint and supply chain that consisted of over 64,000,000 hotspots globally, including airports, convention centers, planes, trains, train stations, hotels, restaurants, retail, and small business locations. According to our IPAS split history records, IPAS has had 1 split.

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