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Rideshare giant Didi leaves New York Stock Exchange, giving in to regulatory pressure from China

December 4, 2021
Source: exbulletin.com exbulletin.com
News Snapshot:
Just five months after its debut, ridesharing giant Didi Global said it plans to pull out of the New York Stock Exchange and pursue a listing in Hong Kong, a startling reversal as it bowed to Chinese regulators irritated by his USIPO. The company’s shares fell about 15% after swinging between gains and losses in pre-market trading, with investors initially betting the move would appease Beijing and serve as a catalyst for a revival of its business prospects in the country. “After careful research, the company will immediately begin delisting from the New York Stock Exchange and begin preparations for...
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