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- Amid investigations by the Chinese government and a subsequent fine for $1B USD, shareholders voted to delist DiDi Global from the New York Stock Exchange in Q2 2022. The company is now trading over-the-counter here in the United States.
seekingalpha.com/article/4558042-didi-global-get-out-while-you-still-can
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Apr 19, 2022 · But if you’re a shareholder in one such company, Chinese ride-hailing firm Didi Global, you may be out of luck. Didi revealed today that it plans to hold a shareholder vote on May 23 to approve its delisting from the New York Stock Exchange.
- Martin Peers
- Going Private at A Discount to Its IPO Price
- Retreating to An Otc Exchange
- Swapping ADR Shares For HK Shares
- Should Investors Still Hold Their Shares of Didi?
Over the past few years, many Chinese companies that initially went public in the U.S. took themselves private before going public again on Chinese exchanges at much higher valuations. The deals couldn't be blocked because the management controlled most of the votes, and U.S. investors were often forced to sell their shares at steep discounts. DiDi...
A less painful option would be for DiDi to relist its shares on an over-the-counter (OTC) exchange. That's what Luckin Coffee (LKNC.Y-1.12%) did after it was delisted from the Nasdaqlast June. Luckin's stock had dropped below $2 per share at the time after its fabricated sales figures were exposed, but it now trades at about $13. Therefore, moving ...
In its press release, DiDi claims its ADR shares "will be convertible into freely tradable shares" in Hong Kong after it relists the stock. However, many U.S. brokerages -- including Morgan Stanley's E*Trade and Robinhood Markets-- don't offer any access to Hong Kong's stock exchange. Investors will need to open an account in a brokerage that has a...
DiDi's investors might be reluctant to sell their shares at their current reduced prices, since the stock now trades at less than its estimated revenue this year. However, the stock should remain cheap for a very long time. Even if DiDi delists its shares from the NYSE and relists them in Hong Kong, it still needs to relaunch its domestic apps, fen...
May 25, 2022 · Didi’s withdrawal from the U.S. marks an extraordinary downfall, brought on by heightened regulatory scrutiny in China. Just days after it debuted in New York, reports revealed the Cyberspace...
May 29, 2024 · BEIJING, May 29 (Reuters) - China's largest ride-hailing company Didi Global (92Sy.MU) fell to a first-quarter net loss after two consecutive quarters of profit, the company said on Wednesday.
Nov 15, 2022 · Amid investigations by the Chinese government and a subsequent fine for $1B USD, shareholders voted to delist DiDi Global from the New York Stock Exchange in Q2 2022. The company is now trading...
- Vlad Deshkovich
May 23, 2022 · Shares of DiDi Global Inc. undefined surged 5.3% in premarket trading Monday, after the China-based ride-hailing giant provided details from its delisting...
Jul 29, 2021 · July 29 (Reuters) - Ride-hailing company Didi Global (DIDI.N) on Thursday denied a media report that the company was considering going private to placate Chinese authorities and compensate...
