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. We show 1 historical shares outstanding datapoints in our TC shares outstanding history coverage, used to compute TC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TC market cap history over the course of time is important for investors
interested in comparing TC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of TC versus a peer is one thing; comparing
TC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like TC can fluctuate over the course of history.
With this page we aim to empower investors researching TC by allowing them to research the TC market cap history. |
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Video: The Importance of Market Cap
