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NEW YORK — The Razorfish board of directors has approved a reverse stock split of its common stock in a ratio of one-for-30 after stockholders gave it the go ahead last week, the i-shop said Monday.
The New York-based company’s common stock opened under the split adjustment at $4.04 Tuesday. The stock will trade under the symbol “RAZFD” for the next 20 trading days and will resume trading under “RAZF” after that.
The reverse stock split is meant to help Razorfish maintain its listing on the Nasdaq stock market.
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