Didi shares plunge more than 20% on plan to delist from NYSE [Reuters]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Reuters
Stock Exchange and pursue a Hong Kong listing, a stunning reversal as it bends to Chinese regulators angered by its U.S. IPO. Reaction from investors was swift: the company's shares fell 22.17%, losing about $8.4 billion in market value. At their Friday close of $6.07, Didi shares have fallen about 57% since their June 30 IPO price. "Following careful research, the company will immediately start delisting on the New York stock exchange and start preparations for listing in Hong Kong," Didi said on its Twitter-like Weibo account. Didi did not elaborate but said in a separate statement it would organize a shareholder vote at an appropriate time and ensure its New York-listed stock would be convertible into "freely tradable shares" on another globally recognized exchange. Market participants said the decision ramps up uncertainty for investors in U.S.-listed shares of Chinese companies. U.S.-listed shares of Alibaba , Baidu and other Chinese firms fell on Friday. read more "If
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BABA
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BABA
Sec Filings
- 4/30/24 - Form 6-K
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- 3/26/24 - Form 6-K
- BABA's page on the SEC website