Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

DiDi Shareholders Vote to Delist From NYSE

Published 23/05/2022, 15:02
Updated 23/05/2022, 15:02
© Reuters.

© Reuters.

By Senad Karaahmetovic

Didi Global (NYSE:DIDI) shareholders voted to delist the company from the New York Stock Exchange today.

DiDi said it will now file the required paperwork with the SEC to delist on or after June 2. Shares had initially fallen 12% in pre-open before rising 11%. Minutes after the New York open, shares are trading flat.

The delisting will allow DiDi to work closer with Chinese regulators and address their concerns. The company went public in a blockbuster IPO before losing roughly 90% of its market value.

The Bloomberg data shows that hedge funds have already reduced their Didi holdings by 29% to about $231.9 million in Q1.

Latest comments

What it will happen with the shares we are holding now?
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.