Shares of Yum China along with four other Chinese companies have fallen sharply after they were ensnared in an audit dispute between China and the United States. In a statement Yum China Holdings, the owner of KFC, Taco Bell and Pizza… Read More ›
New York Stock Exchange
Didi Global to delist from NYSE, aims to pursue listing at Hong Kong
On Friday, ride-hailing giant Didi Global said, it will delist from the New York Stock Exchange and pursue a listing on the Hong Kong Stock Exchange following increased pressure from Chinese regulators. Earlier this year in July Didi had pushed ahead… Read More ›
US investors blindsided by inadequate disclosures by Chinese ride hailing firm’s US IPO
U.S. investors were shocked to hear an announcement by Chinese regulators of an investigation into Chinese ride-hailing firm Didi, which just two days ago made its US debut with a $4.4 billion IPO on the New York stock exchange. Although… Read More ›
Chinese grocery app Dingdong Maicai files for US IPO
Sequoia Capital and Tiger Global Management-backed Chinese grocery app Dingdong Maicai has filed for a U.S. initial public offering. The coronavirus-induced COVID-19 pandemic has fueled online demand for fresh produce in China, with e-commerce companies including Alibaba Group, Dingdong, and… Read More ›
Construction management startup Procore Technologies raises US IPO range
On Thursday, Procore Technologies Inc, a construction software startup said, it has priced its U.S. initial public offering (IPO) at $67 per share, higher than the range it had announced earlier this month. California-based Procore Technologies is offering around 9.5… Read More ›
Nasdaq, NYSE, Cboe Global Markets sue SEC over planned overhaul of public data feed
According to court filings, Nasdaq Inc and the New York Stock Exchange have sued the Securities and Exchange Commission in an attempt to block a plan by the regulator to overhaul public data feeds that broadcast stock prices to investors…. Read More ›
NYSE to delist 3 Chinese telecom companies
In an about turn the New York Stock Exchange stated, it will delist three Chinese telecom companies. The development comes in the wake of U.S. Treasury Secretary Steve Mnuchin telling the NYSE’s chief that he disagreed with its decision to… Read More ›
NYSE will no longer delist China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd
In a statement the New York Stock Exchange said, it no longer intends to delist China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd “in light of further consultation with relevant regulatory authorities.” Last week the… Read More ›
XPO Logistics Inc spins-off warehousing and logistics business into separate publicly traded company
In a statement XPO Logistics Inc said it plans on spinning off its warehousing and logistics business into a separate publicly traded company. While the freight transportation and truck brokerage businesses will continue to remain with XPO, the new company… Read More ›
NYSE transitions to e-trading from Monday to limit spread of Wuhan coronavirus
A day after an employee and a trader tested positive for the Wuhan coronavirus, the New York Stock Exchange (NYSE) said, it will temporarily close its trading floors and move fully to electronic trading from Monday, said Intercontinental Exchange Inc,… Read More ›
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