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Explanation-How could the Chinese Didi be able to withdraw from the New York Stock Exchange?

December 4, 2021
Source: uktimenews.com uktimenews.com
News Snapshot:
The announcement Friday by Chinese rideshare giant Didi Global Inc of its intention to withdraw from the New York Stock Exchange and pursue a listing in Hong Kong raises the question of how this move will play out. The move, just five months after the company’s NYSE debut, was a startling reversal as it bowed to Chinese regulators angered by its U.S. IPO. Reuters spoke to three regulatory attorneys not involved with Didi who gave their opinion on how the Chinese company could transfer its listing. DIDI LIST IN HONG KONG BEFORE DELETING IN NEW YORK? Didi did not disclose...
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Tags: Chinese | commission | delisting | Didi | Elections | Giant | Hong Kong | ipo | IT | KONG | listing | Mexico | New York | New York Stock Exchange | NYSE | Reuters | rideshare | SEC | Securities and Exchange Commission | shares | stock | stock exchange | stock market | stocks | United States

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