In this clip from The Call @ Hedgeye, China analyst Felix Wang flags growing delisting worries in China while highlighting how the recent removal of DiDi Global Inc. (DIDI) will impact his sector.
“DIDI is going to delist from the New York Stock Exchange. It's pretty unfathomable what's going on, and this is tremendously unprecedented. This is an IPO and probably the biggest IPO this year. Ever. And it IPO-ed five months ago, just five months ago,” notes Wang.
“And now it's going to delist and go to the Hong Kong Stock Exchange, probably around March of next year. I can't even wrap my mind around what has just happened.”
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