Didi to leave Wall St listing for Hong Kong Stock Exchange

Ride hailing app Didi announced it was preparing to leave the New York Stock Exchange in a small note released on Friday. “[Didi Global] today announced that its board of directors has authorized and supports the company to undertake the necessary procedures and file the relevant application(s) for the delisting of the company’s ADSs [American Depositary Shares] from the New York Stock Exchange, while ensuring that ADSs will be convertible into freely tradable shares of the Company on another internationally recognized stock exchange at the election of ADS holders,”

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