China's Luckin Coffee Gets Delisting Notice From Nasdaq
Video Credit: Cheddar Inc. - Duration: 00:17s - Published
China's Luckin Coffee Gets Delisting Notice From Nasdaq
China's Luckin Coffee received a notification from the Nasdaq exchange that it's to be delisted, citing public interest concerns over disclosure of fabricating sales and past failure to publicly disclose material information.
Luckin Coffee said on Tuesday that Nasdaq has given it notice that it plans to delist it from the U.S. stock exchange a month after the Chinese coffee chain disclosed that some of its employees..
According to sources familiar with the matter, Nasdaq is set to unveil new restrictions on initial public offerings, or IPOs, making it harder for some Chinese companies to debut on its stock exchange...
![Nasdaq informs China's Luckin Coffee it plans to delist it [Video]](https://video.newsserve.net/300/v/20200519/2005191914-Nasdaq-informs-China-Luckin-Coffee-it-plans.jpg)
![Nasdaq to tighten listing rules, restricting Chinese IPOs: sources [Video]](https://video.newsserve.net/300/v/20200519/2005190831-Nasdaq-to-tighten-listing-rules-restricting-Chinese-IPOs.jpg)
