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2022-06-10

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DiDi Global's Disastrous Run as U.S.-Listed Stock Set to End on Friday

About one year ago DiDi Global's (NYSE: DIDI) New York IPO was met with much enthusiasm and fanfare,

DiDi Global's Disastrous Run as U.S.-Listed Stock Set to End on Friday

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Friday is expected to be DiDi&#39;s last day trading on the NYSE, according to reports from Nikkei Asia.</p><p>The delisting news is not new news. DiDi announced on May 23, 2022, that shareholders overwhelming approved the resolution to delist the ADSs from the NYSE. However, the timing is. The company has not notified shareholders of the exact date of the delisting, although two people familiar with the matter told Nikkei Asia it would be Friday.</p><p>The NYSE, for its part, is not talking. When asked if DiDi shares would delist on Friday an NYSE spokesperson said &#34;we do not have a comment on the matter.&#34;</p><p>DiDi has had nothing short of a disastrous run as a public company.</p><p>After pricing its IPO at $14, shares opened up at $16.65 on June 30, 2021. Shares hit the all-time high of $18.01 that same day but it has been all downhill since. Friday, DiDi closed at just $2.36.</p><p><img src=\"https://static.tigerbbs.com/325713a91924cab05ac5298dd470b6d4\" tg-width=\"1499\" tg-height=\"1052\" referrerpolicy=\"no-referrer\"/>Recently when on June 6th reports surfaced that China was set to remove the ban on new users and allow its mobile apps to return to domestic app stores.</p><p>It is unclear if DiDi Global&#39;s shares will continue to trade on the OTC after the NYSE delisting.</p></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DiDi Global's Disastrous Run as U.S.-Listed Stock Set to End on Friday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDiDi Global's Disastrous Run as U.S.-Listed Stock Set to End on Friday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-10 09:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=20196516><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>About one year ago DiDi Global's (NYSE: DIDI) New York IPO was met with much enthusiasm and fanfare, but now the Chinese ride-sharing company is seeing its American dreams fade away. Friday is ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=20196516\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIDIY":"DiDi Global Inc.","BK4535":"淡马锡持仓","BK4531":"中概回港概念","BK4022":"陆运","BK4505":"高瓴资本持仓","BK4561":"索罗斯持仓","BK4539":"次新股","DIDI":"滴滴(已退市)","BK4526":"热门中概股"},"source_url":"https://www.streetinsider.com/dr/news.php?id=20196516","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2242333773","content_text":"About one year ago DiDi Global's (NYSE: DIDI) New York IPO was met with much enthusiasm and fanfare, but now the Chinese ride-sharing company is seeing its American dreams fade away. Friday is expected to be DiDi's last day trading on the NYSE, according to reports from Nikkei Asia.The delisting news is not new news. DiDi announced on May 23, 2022, that shareholders overwhelming approved the resolution to delist the ADSs from the NYSE. However, the timing is. The company has not notified shareholders of the exact date of the delisting, although two people familiar with the matter told Nikkei Asia it would be Friday.The NYSE, for its part, is not talking. When asked if DiDi shares would delist on Friday an NYSE spokesperson said \"we do not have a comment on the matter.\"DiDi has had nothing short of a disastrous run as a public company.After pricing its IPO at $14, shares opened up at $16.65 on June 30, 2021. Shares hit the all-time high of $18.01 that same day but it has been all downhill since. Friday, DiDi closed at just $2.36.Recently when on June 6th reports surfaced that China was set to remove the ban on new users and allow its mobile apps to return to domestic app stores.It is unclear if DiDi Global's shares will continue to trade on the OTC after the NYSE delisting.","news_type":1},"isVote":1,"tweetType":1,"viewCount":288,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":12,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}