What Happens When A Stock Gets Delisted And How It Impacts Investors Voluntary Vs. Involuntary Delisting Some companies may voluntarily opt to delist their shares from an exchange. Does that mean they are fickle minded? Probably not. The decision to voluntarily delist may be taken weighing in the cost-benefit ratio. Companies may deem it too unviable to have their stocks listed, as legal and compliance costs associated with listing may outweigh the benefits arising out of a listing. Moving over to involuntary listing, it can be viewed as the company being kicked out of an exchange as it failed to comply with listing standards laid down by the exchange. How Are Investors Impacted By Delisting? When a security gets delisted, it ceases to trade on a major exchange. That said, technically, the holding of an investor is intact, and he can still trade in the security, provided there are willing buyers. However, in reality, the ownership right to the security becomes worthless. The announcement, which is made prior to the delisting by companies themselves if it is a voluntary delisting, or by the exchange, if it is an involuntary delisting, sends the share spiraling down, rendering your investment worthless. The security may become illiquid. Once a stock is delisted from a main exchange, it will be relegated to trading in the OTCBB or the Pink Sheets. These loosely regulated exchanges do not provide easy access to everyone to trade. However, in a going private transaction, investors at least get some return on their investment, as companies buy out existing shareholders.
What Should Be The Stance Of Investors When Their Holding Faces Risk Of Delisting? One may be well advised to liquidate the holding as early as possible to minimize the losses on one's investment. However, some high profile companies may get their ADRs delisted from the main exchanges and yet trade on a well regulated major overseas exchange. It may be worth holding onto them even if it means they are lightly traded over the counter.
这种delist对发行了的股票是个什么操作呢？
这种转换显然不是自动的； 但是有港股做价格参照，delist 以后的股票在 OTC 市场的价格就比较确定
What Happens When A Stock Gets Delisted And How It Impacts Investors
Voluntary Vs. Involuntary Delisting Some companies may voluntarily opt to delist their shares from an exchange. Does that mean they are fickle minded? Probably not. The decision to voluntarily delist may be taken weighing in the cost-benefit ratio. Companies may deem it too unviable to have their stocks listed, as legal and compliance costs associated with listing may outweigh the benefits arising out of a listing. Moving over to involuntary listing, it can be viewed as the company being kicked out of an exchange as it failed to comply with listing standards laid down by the exchange.
How Are Investors Impacted By Delisting?
When a security gets delisted, it ceases to trade on a major exchange. That said, technically, the holding of an investor is intact, and he can still trade in the security, provided there are willing buyers.
However, in reality, the ownership right to the security becomes worthless. The announcement, which is made prior to the delisting by companies themselves if it is a voluntary delisting, or by the exchange, if it is an involuntary delisting, sends the share spiraling down, rendering your investment worthless.
The security may become illiquid. Once a stock is delisted from a main exchange, it will be relegated to trading in the OTCBB or the Pink Sheets. These loosely regulated exchanges do not provide easy access to everyone to trade.
However, in a going private transaction, investors at least get some return on their investment, as companies buy out existing shareholders.
What Should Be The Stance Of Investors When Their Holding Faces Risk Of Delisting? One may be well advised to liquidate the holding as early as possible to minimize the losses on one's investment. However, some high profile companies may get their ADRs delisted from the main exchanges and yet trade on a well regulated major overseas exchange. It may be worth holding onto them even if it means they are lightly traded over the counter.
我估计所有数据敏感的中概股都会从美国退市
美国政府最近让台积电等半导体行业公司把公司商业机密信息交出来给中国敲了警钟，所以最近几个公司从美股退市的消息都出来了， 谁知道美国政府哪天会不会要求中概公司交敏感数据
中概还是别玩了。又来又退又来 跟儿戏一样。上上下下过山车，那些垃圾股跌了后，再也起不来。比大A股还烂。
滴滴公司应该会offer两个option，一个是cash option，一个是港股。选cash option的，滴滴公司给一个offer价，给你cash。第二个你自己去香港开股票账户办理手续获取滴滴港股。默认的应该是cash option
你说对韭菜有利？？
韭菜是用来养大了割的，不需要保护的
金融无国界，
只要保证一部分人和机构赚到钱就可以了，
中概上市，美国金融机构赚到钱就足够了
再说，卖股票就是赌博，愿赌服输
作为韭菜 当然要从从韭菜角度说话…..
看着还算靠谱！
哈哈，
这是你的投资理念，赞一个
海外上市没有被批准，滴滴偷偷跑到美国来，在几大投行的帮助下光速上市，国内监管部门很不满。
腾讯控股可是hold了n年了，尽管今年掉了不少，成本很低。
只要听党的话 他们一样吃香的辣的
这钱烫手，没那么容易拿，要被告罚款的。
还有9块钱买的200股，应该有人组织股民集体诉讼吧
应该是被软银和Uber逼的，才抗旨的。
有钱人还在乎这点钱？？
不操作拿着
中国企业为啥不敢在 欧洲 德国法兰克福上市呢
只敢去美国
为啥 中国企业不敢到德国呢
中国天天非得去美国
hold二十多万股，等到现在才问？？
一看就知道又是个只读垃圾中文新闻然后自由发挥想象的。
U.S. Dept. of Commerce 对TSMC的 RFI是九月底的事， DIDI惹怒中国政府网上风传他家数据安全问题可能要退市是7月的事，先后顺序你搞清楚了么
肯定啊，chase老板已经骂过大街了
始于中共在奥巴马时期，与民主党的利益勾兑deal。
双方都打着鬼胎算盘：
中共一边巨额国债捆绑美帝，一边从美帝各大基金养老金想空手套白狼，吸美帝的血又自己造血。。。
美帝也不傻，想放长线，养肥站边美帝的第一批天朝大资本家，和平演变和影响天朝，纳入美元体系，同时以股价和财富筹码影响之。。。
当然知道，
那你不知道最近除了DIDI外，BABA之类的公司也传出退市的消息吗？就最近这两周退市消息密集
而且半导体公司给美国提交信息是11月的事
其实因为中概股审计方面的问题，中国用国家安全的概念不允许外国公司审计中国赴美上市公司。美国监管机构跟中国一直在扯皮，最近SEC态度更加坚决，中国方面也没兴趣让资本家通过海外上市转移资产，毕竟要共同富裕嘛。所谓data security我只一直觉得中国在刻意泛化这个概念。
中概股退市已经开始进入倒计时了。这真是Great Decoupling的时代啊. 哈哈
只有一条路，tictok彻底独立成为一家美国公司
基本上快了 VIE结构禁止在美国上市的规定可能会出来 而中国值得一投的行业基本都不许外资经营 再加上那个关于审计底稿的事情，最多三年基本上就没啥中概了
中概要delist的事情实际上很早就有风声了，至少我八月初就听到了：桥水基金Dalio解读最近的中概危机-第1页 (huaren.us) 再说半导体公司提供销售数据那和SEC一点关系没有，这是白宫和商务部一起为了解决芯片短缺弄的。 楼主对财经新闻的阅读水平有待提高，而且少看点“国内股评”，里面都是坑。
早前的风声都只是推测，这次不仅仅是美国SEC什么审计的关系，是中国政府给几个中概公司明确下了命令要求从美国退市
再把几个新闻串一下
美国要求半导体公司交机密数据，各国政府都在观望事情的进展，看是玩假的还是没有讨价还价余地，现在11月期限过了，半导体公司都交了，各国政府都知道了美国政府要硬来，这事抗不过去
以为这就完了吗? 之前TSMC, 三星这些公司都在担心美国政府会不会把拿到的商业机密数据给Intel, 现在什么情况呢？Intel CEO这两天已经开始在骂TSMC和三星了，说它们的实际成本比Intel低了30~40%，不公平竞争的，为什么以前没怎么骂，现在突然骂？显然Intel已经拿到数据了
说美国政府要半导体数据只是为了芯片短缺就太天真了
中国政府里的人显然看得懂这些新闻，事件的联系和以后的影响，必然要求加快中概公司从美国退市 以后其它国家的重要公司来美国上市都会慎重考虑
朋友圈新闻的那套出来了，总是以为世界都是按照中国政府那套“潜规则”运行，而不是“法律”。商务部拿数据给intel那是踩红线的事，经手人要蹲监狱的。同一行业竞争对手之间互相研究的很透的，每年付给咨询和research公司的钱超越你的想象。
中概给SEC那点财务数据，根本算不上机密，即使将来是接受公开审计，那也只是财务数据。财务数据对于投资者本来就是公开的，没什么可泄露的。再说很多中概都不做海外生意，和美国公司都没有竞争关系，他们的财务数据拿给美国公司没一毛钱用处。墙内总是喊“滴滴为了赴美上市把机密（地图）给了美国政府”，这种没常识的话你也能信的话，那我没话说了。
最后一句是亮点，看来以后其他国家的公司可以考虑去香港上市
既然是审计就要查所报的数据对不对，应该想要核对详细账目，而不是只是最终开会报告的那几个数据。仅仅给最终summary数据的话如何核对？
这还有相信law and order的…..
你不知道煤价腰斩了？
美国政府要半导体厂家的客户出货详情， 为的是防止有人明修栈道暗度陈仓。 此外美国政府会进一步管制中国半导体行业， 先摸摸底了解各类产能。
这次是铁了心要下架。
参议院刚刚通过一项议案，允许不能按要求提供审计给SEC的在美国上市的外国公司退市，主要是针对中概以及之前通过的外国公司法案，该法案要求在美国上市的外国公司必须提供和美国上市公司一样要求的审计报告给SEC，最后期限应该是后年，否则摘牌。新的法案提供了退市的强制摘牌之前自己选择退市的选项。
吓人，退市是这样的？卖也卖不掉，那不是基本归0了？
早上上班路上听npr逼逼说已经正式启动退市了
坚决支持彻底脱钩！ 民主与专制势不两立！
有啊弯区西雅图都有啊
是滴
当当上 你狠赚一笔？
当然是亏了啊，就是一夜起来，所有当当股票都没有了，至于亏了多少没有数字，几大千总是有的，还是Roth account，想报亏损都没有办法报
股票没了，钱也没退给你么
重钙价格如何只有习大大说了算。
你们这些人随意预测，说好听点是不负责任。 说重一点，算是僭越跟大逆不道了。
看来不光资本，韭菜也不分国界