Mobile app version of munafa.org
Login or Join
 Learn then Earn
stockMarketNEWS

 story : DiDi's stock sinks into record-low territory after disclosing need to delist from NYSE #FinanceUSA #StockMarketNEWS Shares of DiDi Global Inc. dropped 2.0% in premarket trading Thursday, putting

@stockMarketNEWS 11 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

DiDi's stock sinks into record-low territory after disclosing need to delist from NYSE #FinanceUSA #StockMarketNEWS
Shares of DiDi Global Inc. dropped 2.0% in premarket trading Thursday, putting them on track to open in record-low territory, after the China-based ride-hailing giant disclosed that it would have to delist from the NYSE to complete a cybersecurity review initiated by regulatory authorities. The company said China's Cybersecurity Review Office announced on July 2, just two days after it debuted on the NYSE, that the company was subject to a cybersecurity review that required the company to suspend new user registration. DiDi concluded that if it doesn't complete the review and rectification, there would be a "material adverse impact" on its ability to conduct normal operations. Earlier in May, the company disclosed that the U.S. Securities and Exchange Commission was also looking into its IPO. DiDi's stock closed Wednesday at .53, or 89.1% below the IPO price. So far this year, DiDi's stock has plunged 69.3%, while the iShares MSCI China ETF has tumbled 26.1% and the S&P 500 has dropped 17.4%.


Munafa USA Munafa India Munafa NSE


Report

Login to follow story

More posts by @stockMarketNEWS

Munafa ebook, learn stock market trading

0 Comments

Sorted by latest first Latest Oldest Best

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme