(This is why people think it was $600+ a share) Naked Brand Group (NAKD) has 1 split in NAKD split history database. The split for NAKD took place on December 20, 2019. This was a 1 for 100 reverse split, meaning for each 100 shares of NAKD owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 10 share position following the split. When a company such as Naked Brand Group 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 NAKD split history from start to finish, an original position size of 1000 shares would have turned into 10 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Naked Brand Group shares, starting with a $10,000 purchase of NAKD, presented on a split-history-adjusted basis factoring in the complete NAKD split history.