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 Video: What is a Stock Split?
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| TPG Pace Tech Opportunities is a newly organized blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. According to our PACE split history records, PACE has had 1 split. | |
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PACE (PACE) has 1 split in our PACE split history database. The split for PACE took place on October 13, 1995. This was a 143 for 100
split, meaning for each 100
shares of PACE owned pre-split, the shareholder now owned 143 shares. For example, a 1000 share position pre-split, became a 1430 share position following the split.
When a company such as PACE splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the PACE split history from start to finish, an original position size of 1000 shares would have turned into 1430 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PACE shares, starting with a $10,000 purchase of PACE, presented on a split-history-adjusted basis factoring in the complete PACE split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
11/27/2020 |
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| End date: |
09/20/2021 |
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| Start price/share: |
$9.70 |
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| End price/share: |
$11.20 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
15.46% |
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| Annualized Gain: |
19.07% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,546.00 |
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| Years: |
0.81 |
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| Date |
Ratio |
| 10/13/1995 | 143 for 100
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