Split History
TC split history picture
TuanChe (TC) has 2 splits in our TC split history database. The first split for TC took place on October 22, 2020. This was a 1 for 4 reverse split, meaning for each 4 shares of TC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split. TC's second split took place on January 26, 2024. This was a 1 for 15 reverse split, meaning for each 15 shares of TC owned pre-split, the shareholder now owned 1 share. For example, a 250 share position pre-split, became a 16.6666666666667 share position following the split.

When a company such as TuanChe 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 TC split history from start to finish, an original position size of 1000 shares would have turned into 16.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TuanChe shares, starting with a $10,000 purchase of TC, presented on a split-history-adjusted basis factoring in the complete TC split history. TC split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 11/20/2018
End date: 03/28/2024
Start price/share: $469.80
End price/share: $1.54
Dividends collected/share: $0.00
Total return: -99.67%
Average Annual Total Return: -65.65%
Starting investment: $10,000.00
Ending investment: $32.78
Years: 5.35
TuanChe is a holding company. Through its subsidiaries, variable interest entities (VIEs) and subsidiaries of VIEs, Co. is engaged in the operation of providing auto shows, group-purchase facilitation, promotion events services, virtual dealership, online marketing services and others related businesses in the People's Republic of China. Co. turns individual and isolated automobile purchase transactions into collective purchase activities through its auto shows. Co. functions as a virtual dealership connecting automakers and franchised dealerships with secondary dealers by providing a suite of services undertaken by franchised dealerships without setting up permanent physical presence. According to our TC split history records, TuanChe has had 2 splits.
Date Ratio
10/22/20201 for 4
01/26/20241 for 15
TC is categorized under the Materials sector; below are some other companies in the same sector that also have a history of stock splits:

TCK Split History
TG Split History
THM Split History
TLR Split History
TM Split History
TMS Split History
TNM Split History
TNO Split History
TOM Split History
TOR Split History

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