More Chinese Companies Expected To Follow Didi's Delisting
By Tom Zanki (December 3, 2021, 4:28 PM EST) -- Chinese ride-hailing app Didi Global Inc.'s intention to delist from the New York Stock Exchange months after a high-profile initial public offering further accelerates the divorce between U.S and Chinese capital markets and could spur more companies to follow suit, experts said Friday.
Didi said late Thursday that its board of directors authorized the company's plans to remove its shares from the New York Stock Exchange and instead pursue a new listing in Hong Kong. Didi added that its American Depositary Shares delisted from the NYSE will be converted into freely tradable shares on another "international recognized stock exchange" chosen by...
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