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shares would be converted into “freely tradable shares” on another “internationally recognized” exchange. “After conscientious research, the company will start delisting operations on the New York Stock Exchange immediately and commence preparations to list in Hong Kong,” Didi said on its social media account. Didi’s share price fell 25% after regulators launched an investigation into its handling of customer data following its June 30 stock market debut. Regulators said in July they would step up scrutiny of tech companies with shares traded abroad and their information security and cross-border data flows. Beijing sees that as a valuable asset and security risk.
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He is a CFA charterholder with a BS in economics (with First Class Honours) and an MS in economics (with distinction in macroeconomics and microeconomics) from the London School of Economics.BEIJING (AP) - China’s dominant ride-hailing service, Didi Global Inc., said Friday it will pull out of the New York Stock Exchange and shift its share trading to Hong Kong as the ruling Communist Party tightens control over tech industries.ĭidi gave no explanation, but China’s leaders increasingly fret about who controls information gathered about its public by e-commerce, ride-hailing and other tech companies. Prior to Ambit, Saurabh was co-founder of Clear Capital, a London-based small-cap equity research firm that was created in 2003 and sold in 2008. When Mukherjea left Ambit in June 2018, assets under advisory were $800mn.
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He is the former CEO of Ambit Capital and played a key role in Ambit’s rise as a broker and a wealth manager. Prior to Ambit, Saurabh was co-founder of Clear Capital, a London-based small-cap equity research firm that was created in Saurabh Mukherjea is founder and chief investment officer of Marcellus Investment Managers. Saurabh Mukherjea is founder and chief investment officer of Marcellus Investment Managers.