Didi went public in the U.S. in June 2021 but days after its listing, Chinese regulators opened a cybersecurity review into the company. In July, the Cyberspace Administration of China accused Didi of illegally collecting users' data and ordered its app to be removed from local app stores.
What will happen to Didi stock?
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 — like the Nasdaq or New York Stork Exchange — would lose access to a broad pool of buyers, sellers and intermediaries.
Is DiDi going to recover?
China's biggest ride-hailing company, Didi Global Inc., aims to list shares on the Hong Kong stock exchange next year, plotting a comeback from an ill-fated initial public offering in New York in 2021, according to people familiar with the matter.
Will DiDi app come back?
Didi Global Inc.'s main apps have returned to the country's biggest mobile stores, allowing the ride-hailing giant to resume growth after more than a year spent in regulatory limbo. Its main ride-hailing app reappeared for download on the Chinese iOS store as well as platforms run by Huawei Technologies Co.
What do you do with shares when delisted?
Investors holding shares after a delisting will only be able to sell them OTC. That generally means less liquidity, finding it harder to locate buyers at the price you want, and potentially being left in the dark about what the company is up to. Nasdaq. “Listing Center.”
What is the DiDi stock forecast for 2025?
Stock Prediction 2025. The DiDi Global Inc. stock prediction for 2025 is currently $ 0.990701, assuming that DiDi Global Inc. shares will continue growing at the average yearly rate as they did in the last 10 years.
Do I lose my money if a stock is delisted on Robinhood?
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.
Will Mullen be delisted?
Mullen Automotive Receives Delisting Determination from Nasdaq Staff for Failure to Maintain Minimum $1.00 Bid Requirement. Mullen Automotive, Inc. Mullen Automotive, Inc.
Should I hold DiDi stock?
However, the company could also still try to take itself private with a lowball offer and burn most investors who prematurely thought it was a deep value play. So for now, the risks still outweigh the rewards and make DiDi a very dangerous stock to own.
What’s next for DiDi?
Is DiDi a good stock to buy now?
DiDi holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Does DiDi have a future?
From the industry trend, it is probable that Didi will continue to focus on international business and driverless technology in the future. Didi's international business, as the only growth segment among the three major businesses in 2022, is one of the key strategies for the company's development.
How do you get money from delisted shares?
The corporation must honour the delisting price. If the firm has been delisted for more than a year, the shareholder might approach the company and negotiate a private sale of the shares to the promoters. This will be an off-market transaction, with the price agreed upon by the seller and buyer.
Can you still sell a delisted stock?
If you still hold shares after they are delisted, you can sell them—just not on the exchange on which they traded before. Stock exchanges are very advantageous for buying and selling shares. When they delist and trade over the counter (OTC), selling shares and getting a reasonable price for them becomes much harder.
Can I sell delisted stock on Robinhood?
If a stock that you own delists, you'll be able to sell it in the market, but you won't be able to purchase additional shares.
How do I sell suspended shares?
Investors cannot buy/sell shares like other listed shares if it is suspended by NSE or BSE. However, there is a way you can try to buy/sell such shares. Such shares are traded in unlisted market. There are few brokers who deal in unlisted, delisted, pre-ipo shares.
Should I hold Mullen stock?
The Bottom Line. Given the issues outlined above, prudent investors should avoid Mullen stock for now. However, it's worth watching the company's progress over the next 6-12 months. The milestones that would make this company even close to investable will likely take several quarters at minimum, in my view.
What will MULN stock be worth in 10 years?
Stock Prediction 2030. In 2030, the Mullen Automotive, Inc. stock will reach $ 172.78 if it maintains its current 10-year average growth rate. If this Mullen Automotive, Inc. stock prediction for 2030 materializes, MULN stock willgrow 91,803.27% from its current price.
Will DiDi stock come back?
China's biggest ride-hailing company, Didi Global Inc., aims to list shares on the Hong Kong stock exchange next year, plotting a comeback from an ill-fated initial public offering in New York in 2021, according to people familiar with the matter.