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Less than 6 months after its IPO, China’s Didi says it will delist from the New York Stock Exchange


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Chinese ride-hailing giant Didi said Friday that it will start delisting from the New York Stock Exchange, and make plans to list in Hong Kong instead.

It comes less than six months after the tech giant listed in the U.S. Didi said it reached that decision after careful consideration.

Shares of Didi have plunged 44% since its IPO on June 30, and closed at $7.80 on Thursday.

Full article by CNBC

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