What Didi’s ‘train wreck’ delisting means for US-listed Chinese companies

Just 11-months after making a splash in a $4.4 billion IPO, Didi shareholders made official Monday what has long been considered inevitable and approved a plan to delist its shares from the New York Stock Exchange.

With formal paperwork now set to be filed with the Securities and Exchange Committee on June 2nd, Didi becomes the latest casualty caught between a tech crackdown back home and growing regulatory skepticism in the U.S.

“The last 12 months have been an incredibly wild ride for…

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