Didi Shareholders Approve Ride-Hailing App's US Delisting

By Tom Zanki (May 23, 2022, 4:46 PM EDT) — Chinese ride-hailing company Didi Global Inc. said Monday it has notified the New York Stock Exchange that it will delist from the trading venue, completing a rapid reversal nearly one year after its blockbuster $4.4 billion initial public offering.

Didi’s announcement followed a shareholder vote approving the delisting, the company said. Didi said it will also file a form with the U.S. Securities and Exchange Commission by around June 2 regarding its delisting. Its U.S. shares will cease trading 10 days later.

The company’s departure from the Big Board marks a stunning turnabout following its glitzy U.S. debut about 11 months…

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