Cyan Depository Receipts will delist from the New York Stock Exchange on August 1. The removal of the securities from the auction will not affect the financial situation and the activities of the company, he said in “Cian”. Previously, the exchange wanted to remove Yandex receipts, but the company managed to challenge the decision.
Cyan announced the delisting of its depositary receipts from the New York Stock Exchange. The papers will stop trading on August 1, the company reported.
“The final decision on delisting does not affect the financial position and activities of the company. His priority continues to be to maintain the growth dynamics of the business,” Cyan said in a statement.
Trading in Cyan securities in New York was suspended in February 2022. The exchange made the decision to delist them in March 2023, Cyan tried to challenge it, but to no avail.
Cyan held an initial public offering in New York in November 2021, the company received a valuation of $1.1 billion.
The New York Stock Exchange wanted to delist Yandex securities, but the company filed an appeal and successfully appealed the decision.
Author:
Kirill Bilyk
Source: RB
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