Didi plunge 20% on delisting note – going short?

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by Delicious_Reporter21

Just five months after its debut, ride-hailing giant Didi Global said it plans to withdraw from the New York Stock Exchange and pursue a Hong Kong listing, a stunning reversal as it bends to Chinese regulators angered by its U.S. IPO.

Reaction was very clear: stock was down 22.17%, -$8.4 billion in market value. Didi shares have fallen about 57% from IPO price.

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You making the play here? Maybe in broader set of Chinese stocks?


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