Ostin Technology Group Co., Ltd. (OST)
- Yahoo Finance
What Didi’s 'train wreck' delisting means for US-listed Chinese companies
Didi’s Wall Street ride came to an end less than a year after it began. Just 11-months after making a splash in a $4.4 billion IPO, shareholders made official Monday what has long been considered inevitable, approving a plan to delist its shares from the New York Stock Exchange. While Didi’s shares are formally expected to be delisted next month, Bernstein, who consults Chinese firms looking to list in the U.S, said the ramifications from its tumultuous journey is likely to hang over other firms eyeing an American listing.
- South China Morning Post
Chinese tech firm's 890 per cent debut on Nasdaq underlines appetite for IPOs amid China's efforts to defuse audit, delisting tensions
Ostin Technology, a low-key technology company, made an electrifying debut as the first Chinese stock offering in the US since February, underlining strong appetite even as regulatory officials remained at odds over audit and delisting issues. The supplier of display modules and polarisers soared 892 per cent on Nasdaq to US$39.66 on Wednesday, giving it market value of US$535.4 million. The company raised US$13.5 million in gross proceeds by selling 3.38 million shares at US$4 each. Ostin's fac
