DiDi (DIDI) Shareholders Vote to Delist From NYSE
Get Alerts DIDI Hot Sheet
Join SI Premium – FREE
Didi Global (NASDAQ: DIDI) shareholders voted to delist the company from the New York Stock Exchange today.
DiDi said it will now file the required paperwork with the SEC to delist on or after June 02. Shares had initially fallen 12% in pre-open before rising 11%. Minutes before the New York open, shares are trading flat.
The delisting will allow DiDi to work closer with Chinese regulators and address their concerns. The company went public in a blockbuster IPO before losing roughly 90% of its market value.
The Bloomberg data shows that hedge funds have already reduced their Didi holdings by 29% to about $231.9 million in Q1.
By Senad Karaahmetovic
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Coinbase (COIN) CEO Armstrong on X: Great progress on the SEC case - and huge win for self-custodial wallets
- CFIUS Accepts Re-filed Notice for Proposed Sale of The Kinetic Group to CSG
- Can-Fite BioPharma (CANF) Reports FY23 Results, Issues Clinical Update
Create E-mail Alert Related Categories
Corporate News, Hot Corp. News, Hot ListRelated Entities
IPO, Pre Market Movers, Senad KaraahmetovicSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!