what happens if i own didi stock

by Willy Schroeder Published 2 years ago Updated 2 years ago

It's unclear what would happen to your Didi stock Bloomberg first reported that China wants Didi to either list on Hong Kong, which is now fully part of China, or go private. If the company lists in Hong Kong, U.S. Didi investors would get its Hong Kong-listed shares.

Full Answer

Should you buy Didi stock?

Dec 10, 2021 · Chinese ride-hailing app Didi announced last week that it would delist from the New York Stock Exchange and pursue a listing in Hong Kong. Delisting means a Chinese company traded on an exchange ...

Is Didi global stock a buy?

Nov 26, 2021 · However, the Hong Kong listing may be at a lower price than its current U.S. price. If Didi decides to go private again, it would reportedly pay investors $14 per share. And if …

When is Didi delisting?

Dec 09, 2021 · DiDi Global‘s plans to delist from the New York Stock Exchange months after going public triggered concerns over the future of other U.S.-listed Chinese companies. Chinese tech stocks have borne ...

How did Didi get in trouble with data regulators?

Nov 23, 2021 · As a long-term, buy-and-hold investment, Didi (NYSE: DIDI) stock is a highly logical choice. That said, there’s just too much regulatory risk. …

What happens to DiDi shares when delisted?

“If Didi delists, one of the possible outcomes for the investors would be a share transfer,” Dechert's Chan said. Didi, which is pursuing a listing on the main board of the Hong Kong stock exchange, said it plans to allow its shareholders to convert their US American depositary receipts into Hong Kong shares.Feb 17, 2022

Will DiDi stock be delisted?

The stock has fallen more than 61% year to date. DiDi said over the weekend it would hold an extraordinary shareholders meeting on May 23 to vote on its delisting from the NYSE.Apr 18, 2022

What happens to my shares if a stock is delisted?

When a company delists from a major exchange, shareholders still legally own their shares, even if they're often considered worthless in value. Generally speaking, delisting is regarded as a precursor to the act of declaring bankruptcy. More often than not, the shares will continue to trade in one of the above markets.

Is DiDi still a good investment?

After outperforming for the previous five-, 10- and 15-year periods, Davis Global Fund underperformed in 2021. As a result, the earnings of Davis Global Fund portfolio companies have grown at 23.2% compared to the index at 16.8%, yet are selling at a significant discount, 9.1x vs. 18.9x.Mar 21, 2022

Why did Didi get delisted?

Why is Didi going to delist? Chinese regulators opposed the U.S. listing, saying it could expose Didi's vast troves of data to foreign powers. The firm pressed ahead with the June 2021 IPO anyway, in a move that Beijing saw as a challenge to its authority.Apr 18, 2022

Is Didi listed in Hong Kong?

Bloomberg reported that DiDi and its bankers suspended work on its stock listing in Hong Kong after failing to fulfill Chinese regulators' demands that it overhaul its systems to prevent security and data leaks. The Bloomberg report cited people familiar with the matter.Mar 11, 2022

Do I lose my money if a stock is delisted?

You don't automatically lose money as an investor, but being delisted carries a stigma and is generally a sign that a company is bankrupt, near-bankrupt, or can't meet the exchange's minimum financial requirements for other reasons. Delisting also tends to prompt institutional investors to not continue to invest.Mar 7, 2022

How long can a stock stay below $1?

Minimum Stock Price

The stock can sell for under $1 a share for 29 consecutive trading days and still be safe from delisting. However, it must sell for $1 or more on day 30. If the stock sells for under $1 a share for 30 consecutive days, it's in violation of the NYSE minimum price regulations.

Is SNDL getting delisted?

SNDL Stock: Sundial Avoids Delisting

The Nasdaq gave Sundial this notice last August.Feb 9, 2022

Who bought DiDi stock?

Tencent said in a filing Thursday it had added about 1.8 million Didi Class A ordinary shares to its last-known holdings. The social media giant subscribed to the additional stock during Didi's initial public offering, which was not previously disclosed, a Tencent spokeswoman said Friday in an email.Feb 11, 2022

Why is DiDi stock down?

DiDi announced plans in December to delist its shares from the New York Stock Exchange this summer, after the move to Hong Kong's exchange, an attempt to reassure Chinese regulators that sensitive data would not be leaked overseas.Mar 11, 2022

Is Uber a buy now?

Uber Technologies' stock is a better bet than shares of other ride-hailing companies—a secular winner that is clearly worth buying at its current low valuation, according to Deutsche Bank analyst Benjamin Black.Mar 11, 2022

What does it mean when a stock is delisted?

You don't automatically lose money as an investor, but being delisted carries a stigma and is generally a sign that a company is bankrupt, near-bankrupt, or can't meet the exchange's minimum financial requirements for other reasons.

When did Sears go bankrupt?

Sears Holdings declared bankruptcy in 2018 and now trades under the ticker ( NASDAQ:SHLDQ). Sears was delisted from the Nasdaq on Oct. 24, 2018, but the stock has continued to trade over the counter. The stock has traded for around $0.25 a share for most of the time since, as the chart below shows. SHLDQ data by YCharts.

What happens when a company merges with another company?

That happens when they are taken private or merge with another publicly traded company. The company may move its stock to a different exchange or even dissolve, liquidating its own assets and paying out the proceeds to shareholders.

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