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Didi Global shares tumbled 10% in premarket trading

Tiger Newspress2021-12-03

Didi Global shares tumbled 10% in premarket trading, after rising nearly 15%.

Didi Global Inc.has begun preparations to withdraw from U.S. stock exchanges and will start work on a Hong Kong share sale.

The ride-hailing giant’s board has authorized the company to file for a delisting of its American depositary shares from the New York Stock Exchange and will pursue a listing in Hong Kong, it said in a statement Thursday. It will ensure that the U.S. stock will be convertible into freely tradable shares on another internationally recognized stock exchange, according to the statement.

Didi is aiming to file for the Hong Kong listing around March, people with knowledge of the matter said, asking not to be identified as the plans haven’t been made public. The company didn’t immediately respond to a request for comment.

Didi made its New York debut on June 30 at $14 per American Depositary Share, which gave the company a valuation of $67.5 billion on a non-diluted basis. Those shares have since slid 44% until Thursday's close, valuing it at $37.6 billion.

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评论24

  • ALEXNG88
    ·2021-12-06
    [smile] 
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  • robot1234
    ·2021-12-05
    This is the outcome of US threatening to delist all Chinese companies from the US. Biden Administration thought China will be cowed. Soon US will lose tens of trillions of dollars from the richest country in the world, China
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  • GoldenEyes
    ·2021-12-04
    Thanks for the info.
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  • chaisiewling
    ·2021-12-03
    Like 
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  • simplydkam
    ·2021-12-03
    Ok
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    • simplydkam
      Ok
      2022-01-15
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    • simplydkam
      Not yet
      2021-12-06
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    • IZLIN
      sell!
      2021-12-04
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  • ValuInvestor
    ·2021-12-03
    Taking investors for a ride
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    • Hayz
      that is the idea
      2021-12-04
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  • JiaocyTi
    ·2021-12-03
    66
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    • JiaocyTi
      Cc
      2021-12-03
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  • PS153
    ·2021-12-03
    it's going to be a scare to all the China listed companies 
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    • PJoo
      True others are down too
      2021-12-03
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  • kerukel88
    ·2021-12-03
    Ok
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  • kerukel88
    ·2021-12-03
    Ok
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  • Someonelse
    ·2021-12-03
    [Spurting] [Spurting] [Spurting] [Spurting] 
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  • Kingggg
    ·2021-12-03
    Byeeeee
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  • AdrianLumSG
    ·2021-12-03
    GG for Didi
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    • PS153
      gone case
      2021-12-03
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    • Kingggg
      Gg
      2021-12-03
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  • RKT
    ·2021-12-03
    😏Final nail on the ……..
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  • JANICELSJ
    ·2021-12-03
    Like please 
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    • Cynphony
      G
      2021-12-03
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  • Sim1
    ·2021-12-03
    Omg
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    • Etet1985
      oh no
      2021-12-03
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    • JBT
      Cui
      2021-12-03
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  • HENRYCSC
    ·2021-12-03
    [Facepalm] 
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  • THong
    ·2021-12-03
    Guys..If we have shares in Didi Nasdaq..if Didi delisted..how about our shares? Will we get back out money? Does anybody know? Appreciate advice. Thanks.
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    • Eded
      Still got 6 months to go….
      2021-12-04
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    • Rightwayonly
      It will either buyback the shares from you or will re-issue the shares but in HKD. But the price is unknown.
      2021-12-03
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    • Sim1
      I would like to know too
      2021-12-03
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  • Axekay
    ·2021-12-03
    No worries, delist from US market but will be listed on another internationally recognised market 👍🏻👍🏻
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    • Eded
      Eventually hsi will be isolated if this goes on since only chinese firms ipo in hk nowadays
      2021-12-04
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  • Wee_Teck
    ·2021-12-03
    ......
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    • WenJieChan
      [微笑]
      2021-12-03
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    • 9a298a6
      !!!
      2021-12-03
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