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FAST FIVE: China Asks Didi To Delist From NYSE, Shares Plunge Premarket

November 27, 2021
Source: nwostop.com nwostop.com
News Snapshot:
FAST FIVE: China Asks Didi To Delist From NYSE, Shares Plunge Premarket China Asks Didi To Delist From NYSE, Shares Plunge Premarket Groggy traders loading up trading terminals are greeted with an unwelcoming sea of red of stock and futures worldwide. Sources told Bloomberg that if privatization is the path regulators chose, the proposal would be around the $14 IPO price to avoid lawsuits or discontent among shareholders. There is also the possibility that regulators may withdraw the request. “In our view, privatization is the more unlikely option and dual listing the business in Hong Kong makes more sense,” William...
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