$DiDi Global Inc.(DIDI)$ Very amused to read all the comments post this morning news about Didi. The question many would ask is why would Didi tank on delisting news? It is not in the interest of China and many companies for a disorderly delisting. Hence the probability of tanking is very low.
On the other hand, would Didi price jump on the news of delisting? No, there might be some slight movement towards higher ground just because there are so much pent up expectation from holders of Didi and the shorts covering due to risk management.
Some may further ask why would softbank price drop on this news, this is because there are some cost of delisting and negotiating as Softbank is likely to agree to some discount to their valuation expectation. Just remember softbank effective price could be somewhere at $12.
In conclusion, this is an encouraging development as at least there are some development.
Disclaimer, as of the time of this post, i own some long position in Didi
Good luck to everyone investment!
[得意]
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